Germany's DAX index was left almost unchanged the day after Chancellor Angela Merkel's ruling coalition suffered a defeat in a key state election. Her Christian Democrats (CDU), led by rising star David McAllister, had convinced themselves over the past week that they were on the verge of a stunning come-from-behind victory in Lower Saxony, a major agricultural and industrial region that is Germany's closest approximation to a swing state. But on Sunday (January 20) , they came up agonisingly
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