Around the World's Markets: Frankfurt

Wednesday 06 January 1999 00:02 GMT

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THE EUPHORIA of the first day of trading in the euro faded yesterday and the Xetra DAX index closed 44.34 lower at 5,246.02. Software maker SAP slumped 15 per cent to 327.30 euros after the company issued a profits warning.

BMW leaped 11 per cent to a four-month peak on reports of a tie-up with Ford, but closed just 0.5 per cent up after the company denied the story. Deutsche Telekom shed 0.7 per cent after the previous day's 15 per cent leap. Adidas-Salomon fell 5 per cent.

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