MARKET REPORT - EUROPE

Dax: 3,344.39 (-38.86)

Dax: 3,344.39 (-38.86)

German blue-chip shares ended the day mostly steady yesterday, managing a late recovery from earlier losses in post bourse trade after Wall Street started its session higher. Cash market orders had been thin with activity dominated by options dealers due to an expiry deadline for options.

CAC-40: 2,547.56 (-67.62)

Swirling rumours of early legislative elections in France shook the Paris Bourse, pushing stock prices into their biggest drop since April 1st.

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Mibtel: 12248 (-84)

Italian shares closed lower after bond futures and the lira were weakened on a hectic day in which conflicting reports flew thick and fast over Italy's chances of qualifying for EMU membership.