Wed, 25 Nov 2020

German shares almost unchanged at start of trading

Xinhua
25 Sep 2020, 19:44 GMT+10

BERLIN, Sept. 25 (Xinhua) -- German stocks were almost unchanged at the start of trading on Friday, with the benchmark DAX index increasing by 9.34 points, or 0.07 percent, opening at 12,615.91 points.

The biggest winner among Germany's largest 30 companies at the start of trading was German consumer goods company Beiersdorf, increasing by 0.73 percent, followed by carmaker Daimler with 0.70 percent and utility E.ON with 0.69 percent.

Shares of MTU Aero Engines fell by 1.22 percent. The German aircraft engine manufacturer was the biggest loser at the start of trading on the day.

Price and seasonally adjusted new orders in Germany's main construction industry in July declined 5.6 percent on June and were down 2.5 percent year-on-year, the country's Federal Statistical Office announced on Friday.

The yield on German ten-year bonds went down 0.001 percentage points to minus 0.508 percent, and the euro was trading almost unchanged at 1.1673 U.S. dollars, increasing by 0.01 percent on Friday morning.

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