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European shares unfazed as efforts to form 3-way German coalition govt fail

While political uncertainty in Germany did not have a broader market impact there were some stocks in the energy sector that were affected with rising European shares

Reuters  |  Milan | Frankfurt 

European shares rose on Monday as confidence over global economic activity helped investors brushed off worries over the collapse of government talks in Germany. Germany's DAX benchmark rose 0.2 per cent to above 13,000 points after reversing earlier losses that sent the index down as much as 0.5 per cent. The broader pan-European STOXX 600 index added 0.3 per cent. Chancellor Angela Merkel said on Monday her efforts to form a three-way coalition government had failed, pushing Europe's largest economy closer to a possible new election. German President Frank-Walter ...

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First Published: Mon, November 20 2017. 18:54 IST