Xinhua
12 Oct 2020, 17:14 GMT+10
BERLIN, Oct. 12 (Xinhua) -- German stocks were almost unchanged at the start of trading on Monday, with the benchmark DAX index growing by 34.83 points, or 0.27 percent, opening at 13,086.06 points.
The biggest winner among Germany's largest 30 companies at the start of trading was carmaker Daimler, increasing by 1.03 percent, followed by building materials company HeidelbergCement with 0.97 percent and insurance company Allianz with 0.84 percent.
On Monday, U.S. bank JP Morgan raised its price target for Daimler from 54 (about 64 U.S. dollars) to 63 euros (about 74 dollars) and left the rating for the German carmaker at "overweight." Shares of Daimler were trading at around 49 euros (about 58 dollars) on early Monday.
Shares of Henkel fell by 1.11 percent. The German consumer goods company was the biggest loser at the start of trading on Monday.
Selling prices in Germany's wholesale sector in September fell by 1.8 percent compared to the same month last year and remained unchanged compared to August, the country's Federal Statistical Office (Destatis) announced on Monday.
The yield on German ten-year bonds went down 0.001 percentage point to minus 0.535 percent, and the euro was trading almost unchanged at 1.1817 U.S. dollars, increasing by 0.03 percent on Monday morning.
Get a daily dose of Pakistan Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pakistan Telegraph.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
