German shares lose 0.34 pct at start of trading

0 Comment(s)Print E-mail Xinhua, November 18, 2020
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BERLIN, Nov. 18 (Xinhua) -- German stocks were off to a shaky start on Wednesday, with the benchmark DAX index losing 45.04 points, or 0.34 percent, and opening at 13,086.43 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was housing company Vonovia, increasing by 0.43 percent, followed by stock exchange operator Deutsche Boerse with 0.26 percent, and housing company Deutsche Wohnen with 0.22 percent.

On Tuesday after trading, Deutsche Boerse announced it would acquire a majority stake in U.S. data and analytics provider Institutional Shareholder Services (ISS) for around 1.5 billion euros (1.78 billion U.S. dollars).

Shares of MTU Aero Engines fell by 2 percent. The German aircraft engine manufacturer was the biggest loser at the start of trading on Wednesday.

Unfilled orders for Germany's important manufacturing sector in September increased by 1 percent on the previous month, the country's Federal Statistical Office (Destatis) announced on Wednesday.

The yield on German ten-year bonds went down 0.008 percentage point to minus 0.569 percent, and the euro was trading at 1.1863 U.S. dollars, decreasing by 0.01 percent on Wednesday morning. Enditem

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