Market Report - Europe

Frankfurt Dax: 5447.90 (+91.67)

Frankfurt Dax: 5447.90 (+91.67)

Germany's Dax index held its high ground in late trading despite persistent worries over the Russian and Asian financial situations. A break above 5,500 with substantial volumes could buy the market time and prevent a fall back into the correction which saw it lose 6 per cent this week.

Paris CAC-40: 3999.81 (+48.12)

French shares moved higher, boosted by the expected rebound on Wall Street. Trading, however, was thin.

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Milan MIBTEL: 23484 (+393)

The Milan market maintained the pattern of other European markets, lifted by the gains in Hong Kong and Russia and the opening session on Wall Street.