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Friday, October 30, 1998 Published at 10:07 GMT
Business: The Markets
European markets report
![[ image: ]](/olmedia/95000/images/_97900_eure150.gif) |
European markets were bullish in early trade due to a stable dollar and a positive performance on Wall Street on Thursday.
Frankfurt
At 0922 GMT the Xetra Dax was 69.28 points higher at 4639.01.
Traders said sectors sensitive to the dollar, like cars, pharmaceuticals and machinery, should benefit most from the more stable dollar.
Paris
At 0921 GMT the Cac 40 was 34.77 points higher at 3518.20.
"The market should stage a solid rebound after two trading sessions of profit-taking," said Jean Faivre, a trader at CLC Bourse brokerage house.
Traders said shares in pharmaceutical groups were expected to be centre of attention as market talk over potential mergers in the sector gathers intensity.
Appliance maker Moulinex was an early feature after the company issued a profit warning, saying first-half sales were hit by the economic troubles in Russia and Asia.
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