German shares almost unchanged at start of trading on Monday

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BERLIN, April 19 (Xinhua) -- German stocks were almost unchanged at the start of trading on Monday, with the benchmark DAX index growing by 37.12 points, or 0.24 percent, opening at 15,496.87 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was utility E.ON, increasing by 1.42 percent, followed by carmakers Volkswagen and BMW, growing by 0.92 and 0.74 percent.

On Monday, U.S. investment bank Goldman Sachs left its rating for Volkswagen at "Buy" with a price target at 284 euros (341.6 U.S. dollars). Shares of the German carmaker were trading at around 250 euros (300.7 dollars) at the start of trading on Monday.

Shares of Vonovia fell by 1.84 percent. The German housing company was the biggest loser at the start of trading on Monday.

Unfilled orders of Germany's manufacturing sector in February rose for the ninth consecutive month, growing by a record 1.3 percent on the previous month to a range of unfilled orders of 7.1 months, the country's Federal Statistical Office (Destatis) announced on Monday.

The yield on German ten-year bonds declined 0.0075 percentage points to minus 0.2695 percent and the euro was trading almost unchanged at 1.1973 dollars, decreasing by 0.03 percent on Monday morning. Enditem

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