German shares gain 1.28 pct at start of trading

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BERLIN, May 19 (Xinhua) -- German stocks were off to a good start on Tuesday, with the benchmark DAX index rising by 142.05 points, or 1.28 percent, opening at 11,200.92 points.

The biggest winner among Germany's largest 30 companies at the start of trading was Deutsche Bank, increasing by 2.68 percent, followed by aircraft engine manufacturer MTU Aero Engines with 2.34 percent, and sportswear manufacturer Adidas with 2.14 percent.

Shares of Munich Re fell by 0.73 percent, making the German reinsurer the biggest loser at the start of trading on Tuesday.

On the same day, the Federal Statistical Office (Destatis) announced that the number of people in employment in Germany rose by 0.3 percent year-on-year in the first quarter.

Although employment growth continued at the beginning of this year, it "slowed markedly," Destatis noted, adding that such a low year-on-year increase was last recorded in the second quarter of 2010.

On Tuesday, the German Leibniz Center for European Economic Research is scheduled to publish its monthly indicator for economic sentiment in Germany.

The yield on German 10-year bonds went up 0.007 percentage points to minus 0.474 percent, and the euro was trading almost unchanged at 1.0919 U.S. dollars, increasing slightly by 0.01 percent on Tuesday morning. Enditem

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