STOCK MARKETS - THE WEEK REVIEWED
Sunday 30 March 1997
In London, the FT-SE 100 rose 1.29 per cent last week. Companies with a high exposure to US markets, such as Glaxo, Reuters and BTR, led gains on hopes that the US rate rise will allow growth to continue without accelerating inflation.
In Germany, the DAX index rose 164.38 points, or 5 per cent. BMW was one of the star performers after announcing good profits for the fourth quarter of last year on strong demand for its 5-series and Z3 luxury cars. It is also switching to international accounting standards.
In France, the CAC 40 index rose 1.9 per cent, led by retailer Pinault- Printemps and electrical equipment maker Schneider, both up more than 5 per cent after they reported higher earnings. The CAC has risen 16 per cent in the first quarter, making it one of the best performing markets in Europe. Copyright: IOS & Bloomberg
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