Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: Frankfurt

Friday 06 August 1999 23:02 BST
Comments

GERMAN SHARES recovered from a brief dip in the face of strong US jobs data to speed ahead amid a new round of European mergers. The DAX 30 closed 0.64 per cent higher at 5,010.47 points.

US rate fears were more than offset by a boost from the merger round, led by Deutsche Telekom's takeover of UK mobile phone company One2One. But some traders questioned whether Telekom paid too much for the acquisition. Deutsche shares rose over 2 per cent on the news before ending 0.40 per cent lower.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in