German shares up at start of trading

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BERLIN, Jan. 6 (Xinhua) -- German stocks rose at the start of trading on Wednesday, with the benchmark DAX index growing by 35.86 points, or 0.26 percent, opening at 13,687.08 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was Deutsche Bank, increasing by 2.23 percent, followed by building materials company HeidelbergCement with 2.03 percent and carmaker Volkswagen with 1.68 percent.

Shares of Merck fell by 1.29 percent. The German pharmaceutical company was the biggest loser at the start of trading on Wednesday.

Germany's public budget expenditures in the first three quarters of 2020 rose by 11.6 percent year-on-year to over 1.23 trillion euros (around 1.52 trillion U.S. dollars), the Federal Statistical Office announced Wednesday. Meanwhile, revenues were down 4.3 percent, amounting to 1.07 trillion euros.

The yield on German 10-year bonds went up 0.032 percentage points to minus 0.550 percent, and the euro was trading unchanged at 1.2296 dollars on Wednesday morning. Enditem

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