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European stocks on backfoot as politics play spoilsport again

European shares edged down on Monday as investors took a cautious view of the upcoming coalition tussle in Germany following elections in which Chancellor Angela Merkel secured a fourth term but saw her party weakened by a surge in support for the far-right.

Swiss Q2 current account narrows to 19 bln Sfr

Switzerland's current account surplus narrowed to 19 billion Swiss francs ($19.55 billion) in the second quarter, 1 billion francs less than the year-ago period, the Swiss National Bank said on Monday.