German shares up 0.64 pct at start of trading

Source: Xinhua| 2019-11-25 17:35:20|Editor: mingmei
Video PlayerClose

BERLIN, Nov. 25 (Xinhua) -- German stocks were off to a good start on Monday, with the benchmark DAX index rising 83.63 points, or 0.64 percent, opening at 13,247.51 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was German car manufacturer Daimler, increasing 1.44 percent, followed by German Deutsche Bank with 1.20 percent and automotive supplier Continental with 1.10 percent.

All 30 companies listed in the DAX were trading at a plus. The smallest gain was recorded for the German stock exchange company Deutsche Boerse with 0.04 percent.

The ifo Institute is set to publish the ifo business climate index on Monday. The indicator for economic activity in Germany is asking German executives about their assessment of current business as well as their expectations.

The German Energy Agency started a two-day congress on the energy transition on the same day. German Finance Minister Olaf Scholz is scheduled to hold the opening keynote speech in Berlin.

The euro increased by 0.06 percent on Monday morning local time, trading at 1.1022 U.S. dollars.