German shares gain 0.97 percent at start of trading on Thursday

0 Comment(s)Print E-mail Xinhua, July 2, 2020
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BERLIN, July 2 (Xinhua) -- German stocks were off to a good start on Thursday with the benchmark DAX index rising 118.23 points, or 0.97 percent, opening at 12,378.80 points.

The biggest winner among Germany's largest 30 companies at the start of trading was energy company E.ON, increasing by 1.75 percent, followed by industrial gas producer Linde with 1.62 percent and healthcare company Fresenius with 1.47 percent.

Shares of Wirecard plummeted by 35.42 percent. The German financial service provider was the biggest loser at the start of trading on Thursday after German authorities searched Wirecard's headquarters in Munich on Wednesday.

On Thursday, the German Bundestag is scheduled to vote on a draft law that would enable holidaymakers to claim their money back if their holiday was cancelled due to the coronavirus pandemic.

The yield on German ten-year bonds went up 0.002 percentage points to minus 0.398 percent, and the euro was trading almost unchanged at 1.1253 U.S. dollars, increasing by 0.01 percent on Thursday morning. Enditem

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