Around the World's Markets: Paris

SHARE PRICES surged as investors took heart from the Dow's strong performance overnight and put aside worries about emerging markets. The CAC-40 index rose by 94.26 points, or 2.61 per cent, to close at 3,706.76. Banks and consumer stocks led the market, buoyed by positive sentiment following the US cut in rates earlier this week.

The market was also lifted by nine-month results from bank Societe Generale, which showed a lower exposure to problems in emerging markets than feared.