Frankfurt DAX: 2810.64 (+11.45)

German shares ended the session at a record closing level, but slightly off the day's high of 2819.95 after some late profit-taking. The direction of the market is likely to be largely dependent on the strength of the dollar and movements on Wall Street over the week. Automobile shares such as BMW and Daimler Benz charged ahead to new highs before succumbing to profit-taking.

Paris CAC-40: 2275.08 (-2.06)

The French market closed with modest losses after a round of profit-taking with investors looking to consolidate after the recent strong rise by the market. With Wall Street continuing to climb, the Paris market is well-supported and brokers are eyeing a 2,300 level in the coming weeks.

Milan Mibtel: 10424 (-68)

Italian shares slid to a lower close following the decline in bonds and the lira reflecting concern over Prime Minister Mr Romano Prodi's political problems while stocks ignored other higher bourses elsewhere.