German shares proved resilient to US shocks yesterday, posting solid gains in the bourse session and recovering fast from a brief dip on stronger than expected US data in the post bourse session. The IBIS DAX index ended the day up 12.23 points at 3,438.09 points, having briefly dropped to a low of 3,416.11 points after a far stronger than expected first quarter US GDP report reawakened concern about imminent rate rises.
Paris CAC-40: 2639.46 (+ 36.60)
French shares closed sharply higher yesterday in big volume, boosted by options expiry after it shrugged off a decline in the afternoon on stronger than expected US data. The Paris Bourse started with a 1.47 per cent gain, but a rise in first quarter US GDP pulled shares back to trade nearly flat in the afternoon.
Milan Mibtel: 12,277 (+ 113)
Italian shares ended firmer yesterday but off the day's highs, supported by the higher opening to Wall Street and buoyed by the rise in domestic bonds and the lira, dealers said.
