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Germany's benchmark DAX index closes up

Xinhua, November 22, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Monday gained 20.57 points, or 0.19 percent, and closed at 10,685.13 points.

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). Endit