Around the World's Markets: Frankfurt

Saturday 06 November 1999 01:02 GMT

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GERMANY'S BENCHMARK index hit a year-high on Friday, boosted by benign United States payrolls data and an 8 per cent surge in Mannesman.

The DAX closed 0.4 per cent stronger at 5,658.1 points, eclipsing its previous closing year-high of 5,652.02 points.

Pharmaceutical and chemical stocks also gained amid further consolidation among US rivals.

"The [US] data pushed the DAX into positive territory," one trader said.

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