Around the World's Markets: Frankfurt

Wednesday 30 June 1999 23:02 BST

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THE ELECTRONICALLY traded Xetra DAX index edged marginally higher to close up 0.35 per cent at 5,378.52 points.

The bluechip index was boosted by gains in banking stocks but held back from a further rise by nervousness ahead of the US interest rate decision.

Banking stocks rose strongly after Goldman Sachs lifted its 1999 earnings per share recommendation on Deutsche Bank by 7 per cent, on Dresdner by 6 per cent and 3 per cent on Commerzbank.

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