BERLIN, Dec. 3 (Xinhua) -- German stocks stayed almost unchanged at the start of trading on Thursday, with the benchmark DAX index losing 8.41 points, or 0.06 percent, opening at 13,304.83 points.

The biggest winner among Germany's largest 30 companies was consumer goods company Henkel, increasing by 1.15 percent, followed by online food delivery company Delivery Hero with 0.67 percent and sportswear manufacturer Adidas with 0.37 percent.

U.S. bank JP Morgan on Thursday raised its price target for Henkel from 94 to 100 euros and upgraded the rating from "Neutral" to "Overweight." Shares of the German consumer goods company were trading at around 90 euros when trading started.

Shares of Fresenius fell by 1.24 percent. The German dialysis specialist was the biggest loser at the start of trading.

Meanwhile, the Mechanical Engineering Industry Association announced that order intake of Germany's mechanical engineering industry in October was overall "on a par with the previous year," marking the first time since January 2020 that orders did not decline.

The yield on German ten-year bonds went down 0.010 percentage points to minus 0.531 percent, and the euro was trading almost unchanged at 1.2116 U.S. dollars, increasing by 0.03 percent. Enditem

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