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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 sjones35@bloomberg.net

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