LONDON, Oct 29 (Reuters) - The euro fell briefly and German government bond yields rose on Monday, after a report that German Chancellor Angela Merkel has told leaders of her Christian Democrats (CDU) that she will not seek re-election as party chairwoman in December. Merkel, who has led Germany for 13 years, said that she would neither stand in the country’s next elections nor seek to renew her mandate as chancellor when her fourth term ends in 2021. Germany’s Angela Merkel wants to give up party leadership - and says this is her final term as chancellor

News agency dpa cited unidentified party sources in its report as the leadership of Mrs Merkel's party met following a state election in which both her conservative Christian Democratic Union and its partners in the national government, the centre-left Social Democrats, lost significant ground.
Following a disappointing state election on Sunday, German chancellor Angela Merkel announces that she will not seek re-election as party head at a conference in early December and as German chancellor in 2021.