DAX: 3276.72 (+38.85)

After reaching an all time high level of 3286 in after hours trading, the Frankfurt market came back to around 3270. A surge of money drove prices higher but some dealers say the market may be heading for a near term correction.

CAC-40:2629.40 (+27.23)

French shares closed markedly higher despite a fall on Wall Street, pushed by fresh liquidity and corporate as well as economic forecasts. "It's the de coupling!," a French broker cheered, using the term for Europe going its own way and ignoring Wall Street. US investors were buying European shares and the market is likely to test its all time record in today's dealings.

Mibtel: 11929 (-154)

Italian stocks continued their downward technical correction closing just off session lows with sentiment depressed by Dow weakness in a market still shuddering from the aftershocks of US Fed chairman Greenspan's latest warning on Wednesday that Wall Street was reaching unsustainable levels.