German shares record small losses at start of trading on Thursday

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BERLIN, March 25 (Xinhua) — German stocks recorded small losses at the start of trading on Thursday, with the benchmark DAX index losing 59.99 points, or 0.41 percent, opening at 14,550.40 points.

The biggest winner among Germany’s 30 largest listed companies at the start of trading was utility E.ON, increasing by 1.53 percent, followed by stock exchange operator Deutsche Boerse with 0.88 percent and Volkswagen with 0.82 percent.

Shares of Adidas fell by 2.73 percent. The German sportswear manufacturer was the biggest loser at the start of trading on Thursday.

On Thursday, German housing company Deutsche Wohnen announced that its operating result (EBITDA) fell by about 20 percent year-on-year to 686.7 million euros (810.6 million U.S. dollars) in a “challenging year” 2020.

Germany’s public dept increased by 14.4 percent in 2020 year-on-year, totaling 2.17 trillion euros, the country’s Federal Statistical Office (Destatis) announced on Thursday. Compared with those of Germany’s 16 federal states, debts were the highest in the country’s most populous state North Rhine-Westphalia.

New orders in Germany’s main construction industry in January were down 1.2 percent year-on-year, amounting to 6.4 billion euros, Destatis announced on Thursday.

The yield on German ten-year bonds went down 0.011 percentage points to minus 0.367 percent, and the euro was trading almost unchanged at 1.1813 dollars, increasing by 0.02 percent on Thursday morning. Enditem

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