Around the World's Markets: Frankfurt

TECHNICAL FACTORS helped German shares to climb more than 1 per cent yesterday, although traders warned that the gains were unlikely to be sustainable.

The electronically-traded Xetra Dax index finished up 1.57 per cent, or 81.23 points, at 5,269.12. In floor trade, the Dax rose 1.17 per cent to close at 5,256.22. One trader said: "It's short covering. It's difficult to say whether we can head higher. We've broken out of a range but the volumes are lacking. I'm not sure if we can stay above 5,250."