Around the World's Markets: Germany

Friday 07 August 1998 23:02 BST

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GERMAN SHARES rose yesterday with the key DAX index up 63.58 at 5,581.22 and the Xetra DAX ending at 5,598.32, up 70.20. Traders said that despite the rise, sentiment has turned much more nervous and uncertain, with good corporate news having relatively little impact on the market.

The main exception was Daimler-Benz, which rose strongly following the release of details of its merger with Chrysler. Daimler said that both car groups expected $1.4bn in benefits from the mergerin the first year.

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