BERLIN, Jan. 21 (Xinhua) -- German stocks were off to a shaky start on Tuesday, with the benchmark DAX index losing 92.04 points, or 0.68 percent, opening at 13,456.90 points.
The only winner among Germany's 30 largest listed companies at the start of trading on Tuesday was dialysis specialist Fresenius Medical Care (FMC), increasing 0.87 percent.
U.S. investment bank Jefferies upgraded its rating for FMC from "hold" to "buy" and raised the target price from 69 euros (76.57 U.S. dollars) to 80 euros (88.78 dollars). Shares of FMC were trading at around 69 euros on Tuesday morning.
The medium-term potential of the German dialysis provider by offering home therapies for patients with chronic kidney disease is likely to be underestimated by many investors, wrote Jefferies analyst James Vane-Tempest in a study published on Tuesday.
Shares of Lufthansa fell by 2.24 percent. The German airline was the biggest loser at the start of trading on Tuesday.
The German association of e-commerce and mail order (BEVH) announced that sales of products through e-commerce increased by 11.6 percent to 72.6 billion euros (80.5 billion dollars) in 2019.
On Tuesday, the German Leibniz Centre for European Economic Research (ZEW) is scheduled to publish its monthly indicator for economic sentiment in Germany.
The euro was trading almost unchanged at 1.1098 U.S. dollars, increasing slightly by 0.01 percent on Tuesday morning.
