German shares record small gains at start of trading on Monday

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BERLIN, March 29 (Xinhua) -- German shares recorded small gains at the start of trading on Monday, with the benchmark DAX index rising by 60.86 points, or 0.41 percent, opening at 14,809.80 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was sportswear manufacturer Adidas, increasing by 1.68 percent, followed by carmaker BMW with 1.55 percent and software company SAP with 1.19 percent.

Shares of Deutsche Bank fell by 2.63 percent. The German financial institute was the biggest loser at the start of trading on Monday.

Turnover in Germany's non-financial business economy was "marginally up" in February, growing by 0.1 percent on the previous month following a market decline in January, the country's Federal Statistical Office (Destatis) announced on Monday.

Prices of residential property in Germany in the fourth quarter of 2020 were up 8.1 percent year-on-year as the trend of rising prices continued "despite the continuing corona pandemic," Destatis announced.

The yield on German 10-year bonds went up 0.013 percentage points to minus 0.341 percent, and the euro was trading almost unchanged at 1.1793 U.S. dollars, increasing by 0.02 percent on Monday morning. Enditem

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