Frankfurt Dax: 4384.81 (+69.44)

German shares rallied on the back of a firmer Wall Street, which, together with a robust dollar, carried stocks to a near-five month high. Earlier sharp falls on Asian markets had caused some wariness, indicating all was not yet well in the region, dealers said. But the Dow's rise and the soaring dollar won the day's tug-ofwar as the all-day, computertraded Xetra DAX finished at 4416.95 points.

Paris CAC-40: 3072.84 (+32.70)

French shares followed other markets upwards as investors piled into the US dollar as a safe haven. There were gains all across the market with the banks in particular rising sharply.

Milan MIBTEL: 17762 (+556)

Italian stock indices closed at new record highs, lifted by gains in the lira and in Italian bonds. US Federal Reserve chairman Dr Alan Greenspan's comments over the weekend indicating that the Fed does not intend to raise interest rates in the near future sparked a rally in US stocks and bonds, which in turn led to gains in European financial markets.