MARKET REPORT - EUROPE

Frankfurt DAX: 2845.52 (+28.03)

Frankfurt DAX: 2845.52 (+28.03)

Shares ended a record-breaking week at an all-time high, making a gain of 3 per cent in just one week. Market analysts said the DAX could now charge ahead to 2900 points by the end of the year.

Paris CAC-40: 2315.66 (+25.35)

Stocks roared ahead by 1.4 per cent to 2327.81 at one stage, eclipsing the previous intra-day high for 1996 and edging closer to its record of 2360.98 set in February 1994. The sparkling performances in Paris and Frankfurt was largely thanks to the strengthening dollar.

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Milan Mibtel: 10485 (+94)

Italian shares extended their early gains to close just off the day's high on the back of surging bond futures, a stronger lira and optimism over interest rate cuts.