BERLIN, March 2 (Xinhua) -- German stocks were off to a shaky start on Tuesday, with the benchmark DAX index losing 50.75 points, or 0.36 percent, opening at 13,962.07 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was housing company Deutsche Wohnen, increasing by 0.79 percent, followed by consumer goods company Beiersdorf with 0.62 percent and carmaker Daimler with 0.56 percent.

Shares of Adidas fell by 1.05 percent. The German sportswear manufacturer was the biggest loser at the start of trading on Tuesday.

Turnover of Germany's retail sector in January declined by 3.9 percent month-on-month, due to the ongoing COVID-19 lockdown including the closure of most retail in Germany that started in mid-December 2020, the country's Federal Statistical Office (Destatis) announced on Tuesday.

Figures on German exports to the United Kingdom in January are expected to show a "significant decline compared with the same month a year earlier," Destatis announced on Tuesday.

According to provisional calculations by Destatis, total German exports fell by 30 percent year-on-year.

Germany's unemployment rate in February remained at 6.3 percent as 2.9 million people were jobless, about half a million more than that in the previous year, Germany's Federal Employment Agency announced on Tuesday.

The yield on German ten-year bonds went up by 0.001 percentage points to minus 0.336 percent and the euro was trading almost unchanged at 1.2053 U.S. dollars, increasing by 0.2 percent on Tuesday morning. Enditem

Related

Go to Forum >>0 Comment(s)