German shares record small gains on Tuesday

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BERLIN, Aug. 24 (Xinhua) -- German shares recorded small gains at the start of trading on Tuesday, with the benchmark DAX index rising 45.11 points, or 0.28 percent, opening at 15,897.9 points.

The biggest winner among Germany's 30 largest listed companies was online food delivery company Delivery Hero, increasing by 2.85 percent, followed by carmaker Volkswagen with 2.25 percent and plastic specialist Covestro with 1.93 percent.

Shares of Vonovia fell by 2.45 percent. The German housing company was the biggest loser at the start of trading on Tuesday after making a third and final takeover offer for its national competitor Deutsche Wohnen on Monday.

German gross domestic product (GDP) in the second quarter of 2021 rose by 1.6 percent on the previous quarter after adjustment for price, seasonal and calendar variation. GDP was even up 9.4 percent year-on-year, the Federal Statistical Office (Destatis) announced on Tuesday.

Governmental financial deficit in the first half of the year 2021 reached 80.9 billion euros (95 billion U.S. dollars), Destatis said Tuesday. The COVID-19 crisis caused the second highest deficit in the first half of any year since German reunification.

The yield on German ten-year bonds declined 0.0025 percentage points to minus 0.4805 percent and the euro was trading almost unchanged at 1.1746 dollars, decreasing by 0.02 percent on Tuesday morning. Enditem

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