German Stocks Fluctuate as Ireland Says Will Hold Referendum
German stocks swung between gains and losses after Ireland’s Prime Minister Enda Kenny said the country will hold a referendum to ratify the European fiscal compact.
Germany’s benchmark DAX Index rose less than 0.4 percent to 6,852.01 at 4:21 p.m. in Frankfurt having risen as much as 0.7 percent and fallen as much as 0.6 percent earlier.
Kenny, speaking in the Dublin parliament, said the Irish government decided to hold a vote after receiving legal advice from the state’s attorney general. The government will finalize arrangements for the vote in coming weeks, he said.
To contact the editor responsible for this story: Sarah Jones at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.