German shares almost unchanged at start of trading on Wednesday

Source: Xinhua| 2020-02-12 17:54:15|Editor: xuxin
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BERLIN, Feb. 12 (Xinhua) -- German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark DAX index increasing by 43.31 points, or 0.32 percent, opening at 13,671.15 points.

Shortly after trading started, the DAX surpassed Tuesday's record and climbed to a new all-time high of 13,725.84 points.

The biggest winner among Germany's largest 30 companies at the start of trading was Germany's largest bank Deutsche Bank, increasing by 1.33 percent, followed by financial service provider Wirecard, increasing by 1.12 percent and car manufacturer Volkswagen increasing by 1.11 percent.

Shares of Beiersdorf fell by 0.14 percent. The German consumer goods company was the biggest loser at the start of trading on Wednesday.

Real earnings in Germany rose by an average of 1.2 percent in 2019 while nominal earnings increased by 2.6 percent year-on-year, the Federal Statistical Office (Destatis) announced on Wednesday.

The euro was trading almost unchanged at 1.0919 U.S. dollars, increasing slightly by 0.02 percent on Wednesday morning.