Around the World's Markets: Frankfurt

Tuesday 05 January 1999 00:02 GMT

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GERMANY'S blue-chip Xetra Dax stormed ahead as euro euphoria and telecom sector bulls took the index to a four-month high. A strong Wall Street opening buoyed the market a further percentage point in the late afternoon.

The electronically traded Dax closed up 5.67 per cent at 5,290.4, while the floor Dax rose 5 per cent to 5,252.4.

Deutsche Telekon soared 15.6 per cent to reach a record high of 32.43 euros in the heaviest trade among blue chips.

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Around the World's Markets: Frankfurt

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