German shares virtually unchanged at the start of trading on Thursday

Source: Xinhua| 2019-12-05 18:34:06|Editor: Shi Yinglun
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BERLIN, Dec. 5 (Xinhua) -- German stocks were virtually unchanged at the start of trading on Thursday, with the benchmark DAX index losing by 3.81 points, or 0.03 percent, opening at 13,144.38 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was the German aircraft engine manufacturer MTU Aero, increasing 1.30 percent, followed by Chip manufacturer Infineon with 0.57 percent and energy company E.ON with 0.52 percent.

Shares of Wirecard fell by 1.06 percent. German financial service provider was the biggest loser at the start of trading on Thursday, followed by gas producer Linde which saw shares fall 0.78 percent.

On Thursday, the German Federal Statistical Office (Destatis) announced that turnover in Germany's wholesale sector in the third quarter increased by 3.1 percent year-on-year. Consumer goods grew strongest and turnover increased 5 percent at the same time.

Destatis also announced that new orders for Germany's important manufacturing sector had fallen by 5.5 percent in October year-on-year and still decreased by 0.4 percent compared to the previous month.

The euro was trading almost unchanged at 1.1078 U.S. dollars, decreasing slightly by 0.01 percent on Thursday morning.