BERLIN, April 7 (Xinhua) -- German stocks were off to a good start on Tuesday, with the benchmark DAX index rising 388.94 points, or 3.86 percent, opening at 10,464.11 points.

The biggest winner among Germany's largest 30 public companies was aircraft engine manufacturer MTU Aero Engines, increasing by 7.26 percent, followed by chipmaker Infineon with 6.33 percent and chemical and pharmaceutical giant Bayer, increasing by 6.11 percent.

On Monday, the British investment bank Barclays downgraded MTU Aero Engines from "Overweight" to "Equal Weight" and lowered the target price to 100 euros (around 109 U.S. dollars). Shares of MTU were trading at almost 130 euros on Tuesday morning.

Shares of E.ON grew by 1.19 percent. The German utility showed the smallest gains among DAX companies which all recorded gains at the start of trading on Tuesday.

The ifo index for production expectations of Germany's main industry plummeted from plus 2.0 to minus 20.8 points in March, the ifo Institute announced on Tuesday. Germany's industry was expecting a "massive decline" over the coming three months because of the coronavirus pandemic.

In February, industry production in Germany was still up by 0.3 percent on the previous month, while decreasing by 1.2 percent on the same month year-on-year, according to data published by the Federal Statistical Office on Tuesday.

The yield on German ten-year bonds went up by 0.055 percentage points to minus 0.381 percent and the euro was trading almost unchanged at 1.0795 U.S. dollars, decreasing slightly by 0.01 percent on Tuesday morning. Enditem

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