Around the World's Markets: Frankfurt

GERMAN STOCKS see-sawed as the Social Democrats' (SPD) election victory over former chancellor Helmut Kohl added to market volatility.

But a stronger start on Wall Street carried most shares into positive ground, although German utilities remained weak on fears of higher taxes from a SPD/Green Party alliance. The electronic Xetra DAX index closed more than 2 per cent higher at 4,677.56. Analysts said a strong impact from the alliance was unlikely.

Comments