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Around the World's Markets: Frankfurt

Thursday 24 December 1998 00:02 GMT
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GERMAN SHARES climbed sharply in thin trading on the last day before a four-day Christmas break. The DAX index closed 126.39 higher at 4,951.77 and traders were talking confidently of reaching 5,250 next week. DaimlerChrysler was more than 2 per cent higher at DM157.80, BMW was up almost 4 per cent at DM1,255 and VW gained over 3 per cent to DM135.

Banks and retailers also forged ahead, with Dresdner Bank up over 2 per cent and Commerzbank not far behind.

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