FRANKFURT, Oct 8, 2008 (AFP) - Frankfurt's DAX index of leading shares recovered sharply after global central banks annnounced coordinated interest rate cuts.

At 1110 GMT, the DAX index was down 1.35 percent, having been down around 4.5 percent before the interest rate cuts were announced by the central banks of the eurozone, the United States, Japan, Britain and several other countries.