German stocks up at start of trading on Tuesday

0 Comment(s)Print E-mail Xinhua, March 30, 2021
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BERLIN, March 30 (Xinhua) -- German stocks were up at the start of trading on Tuesday, with the benchmark DAX index rising by 79.94 points, or 0.54 percent, opening at 14,897.66 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was carmaker Volkswagen, increasing by 1.92 percent, followed by Deutsche Bank with 1.7 percent and reinsurer Munich Re with 1.65 percent.

Shares of SAP fell by 0.84 percent. The German software company was the biggest loser at the start of trading on Tuesday.

German import prices in February grew by 1.7 percent over the previous month and were up 1.4 percent year-on-year, the country's Federal Statistical Office announced on Tuesday.

Export prices grew less strongly, increasing by 0.5 percent over the previous month and by 0.7 percent year-on-year.

The yield on German ten-year bonds went up 0.038 percentage points to minus 0.282 percent, and the euro was trading almost unchanged at 1.1767 U.S. dollars, decreasing by 0.02 percent on Tuesday morning. Enditem

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