Around the World's Markets: Frankfurt

Thursday 04 February 1999 00:02 GMT

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PROFIT-TAKING ahead of yesterday's US interest-rate decision undermined German stocks. The electronically traded Xetra DAX ended down 74.88 points, or 1.45 per cent, at 5,090.07. The floor DAX fell 1.57 per cent to 5,085.66 points.

One trader said: "Domestic players aren't doing anything and we're basically waiting for what happens in America."

Bank stocks - which chalked up solid gains earlier in the week following the SocGen/Paribas link-up - were among the major fallers.

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