Around the World's Markets: Frankfurt

Monday 12 October 1998 23:02 BST

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THE Xetra DAX climbed more than 7 per cent, its biggest percentage gain ever, boosted by gains in the dollar, robust Asian bourses and a solid Wall Street. The electronically traded index rose 298.19 points to 4,271.63 after falling below 4,000 on Friday. In floor trading, the DAX rose 6 per cent to 4,225.49.

Daimler-Benz rose 15 per cent, boosted by robust third-quarter earnings at prospective partner Chrysler and reports that its Dasa aerospace division will merge with British Aerospace next year.

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