選單

German shares almost unchanged at the start of trading on Monday

BERLIN, Aug。 9 (Xinhua) —— German shares were almost unchanged at the start of trading on Monday, with the benchmark DAX index growing 12。05 points, or 0。08 percent, opening at 15,773。5 points。

The biggest winner among Germany‘s 30 largest listed companies was pharmaceutical company Merck, increasing by 1。72 percent, followed by chipmaker Infineon with 1。29 percent and utility RWE with 1。25 percent。

Shares of German building materials company HeidelbergCement fell by 2。99 percent, the biggest loser at the start of trading on Monday。

On Monday, British investment bank Barclays lowered its price target for HeidelbergCement from 82 to 73 euros and downgraded its rating from “Equal Weight” to “Underweight。” Its shares were trading at around 74 euros at the start of trading。

German exports in June grew 1。3 percent on the previous month and were even up 23。6 percent year-on-year, amounting to 118。7 billion euros (139。6 billion U。S。 dollars), the Federal Statistical Office (Destatis) announced on Monday。 Meanwhile, year-on-year imports grew by 27 percent to 102。4 billion euros。

The yield on German ten-year bonds declined 0。0145 percentage points to minus 0。4675 percent and the euro was trading almost unchanged at 1。1762 U。S。 dollars, decreasing by 0。02 percent on Monday morning。 Enditem

German shares almost unchanged at the start of trading on Monday