FRANKFURT, Oct 9, 2008 (AFP) - Frankfurt's DAX opened 0.81 percent higher at 5,054.09 points on Thursday a day after central banks around the world cut interest rates in a bid to bring calm to financial markets.

On Wednesday the index of leading German shares had fallen 5.88 percent, recovering slightly from earlier lows when it fell under the psychologically important 5,000-point level.