Around the World's Markets: Frankfurt

Tuesday 08 December 1998 00:02 GMT

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GERMAN SHARES plummeted yesterday after the release of a factory order report which showed that Europe's largest economy was set for a slowdown. The DAX fell by 2 per cent to finish at 4,720.

Mannesmann, which last year generated 70 per cent of sales from machinery and plant supply, fell back over 1 per cent, while the machinery maker Linde lost over 3 per cent.

Siemens, Germany's biggest manufacturer, dropped 3 per cent to close at DM 100, after analysts at BNP cut their ratings.

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