Caution rules

Frankfurt Dax: 5314.66 (+207.22)The German bourse closed up , but traders doubted whether there would be another run today

Frankfurt Dax: 5314.66 (+207.22)The German bourse closed up , but traders doubted whether there would be another run today. There is still caution following recent setbacks and the events in Brussels at the weekend.

Paris CAC-40: 3974.25 (+93.33)

French shares surged over 2 per cent as investors welcomed encouraging US economic data.

Milan Mibtel: 24062 (+1009)

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Italian shares stormed higher in late trading yesterday boosted by Wall Street's strength and by a mood of optimism after the weekend's widely discounted decision by EU leaders to launch the euro next January.