Around the World's Markets: Frankfurt

Wednesday 11 August 1999 00:02 BST

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GERMAN stocks fell more than 1 per cent as concerns over interest-rate hikes in the US and Europe dogged the market.

The DAX-30 ended down 86.43 points, 1.7 per cent, at 5,000.87, losing most of the ground picked up in a two-day rebound. The market fell despite news that German exports rose by a stronger-than-expected 4.6 per cent in June on the year. The news was seen as fresh evidence of a recovery in Europe's largest economy. "I think the position is better than the actual mood," a trader said.

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