German shares gain 0.62 pct at start of Friday trading

0 Comment(s)Print E-mail Xinhua, November 15, 2019
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BERLIN, Nov. 15 (Xinhua) -- German stocks were off to a good start on Friday with the benchmark index DAX rising by 81.49 points, or 0.62 percent, opening at 13,261.72 points and getting closer to the all-time high in early 2018.

The biggest winner among Germany's largest 30 companies at the start of trading was Deutsche Bank with an increase of 1.38 percent, followed by the German computer chip manufacturer Infineon with 0.85 percent increase and jet engine manufacturer MTU Aero Engines with 0.83 percent.

Shares of Daimler fell by 0.02 percent. The German car manufacturer was the biggest loser at the start of trading on Friday.

Following reports of a possible takeover of Germany's largest biotech company Qiagen by U.S. technology company Thermo Fisher, shares of Qiagen continued to rise on Friday after a plus of 14 percent on Thursday.

The Federal Statistical Office (Destatis) announced on Thursday that Germany's manufacturing sector reached a new peak in the number of employees since the start of the job series in January 2005.

The euro increased by 0.01 percent on Friday morning, trading at 1.1026 U.S. dollars. Enditem

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