Around the World's Markets: Frankfurt

Wednesday 18 November 1998 01:02 GMT

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SHARE PRICES fell by 1.43 per cent ahead of the US decision on rates. The Xetra DAX fell by 67.42 points to close at 4718.33. Traders said participants were sidelined as the market awaited the Federal Reserve's decision.

Market sentiment was depressed by bearish corporate news. Hoechst fell 1.20 to 77.10 as the company reported disappointing nine-month figures and made no announcement on a possible link-up with Rhone-Poulenc SA. Utilities and telecoms companies also made slight losses.

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