German shares virtually unchanged at the start of trading on Tuesday

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BERLIN, Feb. 16 (Xinhua) — German stocks were virtually unchanged at the start of trading on Tuesday, with the benchmark DAX index losing 4.35 points, or 0.03 percent, opening at 14,105.13 points.

The biggest winner among Germany’s 30 largest listed companies at the start of trading was stock exchange operator Deutsche Boerse, increasing by 1.09 percent, followed by dialysis specialist Fresenius Medical Care with 1.04 percent and carmaker Volkswagen with 0.95 percent.

Shares of Adidas fell by 1.11 percent. The German sportswear manufacturer was the biggest loser at the start of trading on Tuesday.

The number of employees at Germany’s important manufacturing sector in December declined by 2.7 percent year on year to 5.5 million, the country’s Federal Statistical Office (Destatis) announced on Tuesday.

Producer prices of agricultural products in Germany in December 2020 increased by 0.3 percent on the previous month but were still down 9.1 percent year on year, Destatis also announced on Tuesday. A “similarly strong year on year decline” was last recorded in July 2015.

On Tuesday, the German Leibniz Center for European Economic Research is scheduled to published its forecast on the German economy for the next six months. In January, the index for economic expectations went up by 6.8 points and stood at 61.8 points.

The yield on German ten-year bonds went up 0.011 percentage point to minus 0.395 percent and the euro was trading unchanged at 1.2130 U.S. dollars on Tuesday morning. Enditem

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