MARKET REPORT - EUROPE

THE Frankfurt stock market rocketed forward as the DAX index finished the day at 2,854.45 points, up a hefty 1

THE Frankfurt stock market rocketed forward as the DAX index finished the day at 2,854.45 points, up a hefty 1.66 per cent on Thursday's close. Traders said the big gains were due to Wall Street's strong performance on the previous day and to the firm Frankfurt bond market.

Paris CAC 40: 2,278.53 (+29.83)

The Paris Bourse was also buoyed by Wall Street and rolled up its third straight winning session, gaining further encouragement from a number of industrial structuring operations.

Milan Mibtel: 10,461 (-17)

The Milan stock market was the exception, suffering a small loss due to the dollar's weakness and a new impasse in employer union negotiations in the Italian metalworking and engineering sector, traders said.

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