Around the World's Markets: Frankfurt

Monday 20 September 1999 23:02 BST

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THE DAX index reversed some of last week's fall, ending almost 1 per cent firmer at 5,351.98. The market shrugged off a defeat for Chancellor Gerhard Schroeder's Social Democrats in a regional election. The result was not expected to have a direct impact on Schroeder's chances of passing his $16bn spending cut programme.

HypoVereinsbank and Dresdner Bank were among top decliners, following a buying spree ahead of their inclusion in the Euro STOXX 50 last week.

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