The political uncertainties in Europe weighed further on stock markets, with German Chancellor Angela Merkel announcing to run for a fourth term, whereas French ex-president Nicolas Sarkozy failing to win his second bid for re-election as president.

Speculation about destabilisation of the European Union led to selling of government bonds issued by countries in southern Europe, such as Portugal whose 10-year-bond yields rose to nine-month high.

Germany’s largest automobile manufacturer Volkswagen advanced the most by 2.52 percent, after it had announced a “future pact” including to cut up to 23,000 jobs by 2020.

Germany’s second-largest commercial bank Commerzbank lost the most by 1.09 percent.

Daimler was the most traded share of the day with a turnover of 213.55 million euros (about 226.36 million U.S. dollars). Enditem

Source: Xinhua/NewsGhana.com.gh

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