BERLIN, May 12 (Xinhua) -- German stocks were off to a shaky start on Tuesday, with the benchmark DAX index losing 47.25 points, or 0.44 percent, opening at 10,777.74 points.
The biggest winner among Germany's largest 30 companies at the start of trading was German mail and logistics company Deutsche Post DHL. Shares increased 1.68 percent after Deutsche Post DHL announced that consolidated net profit fell by almost 60 percent to 301 million euros (325.5 million U.S. dollars) in the first quarter of 2020.
Energy company E.ON came in second with shares increasing 1.41 percent. On Tuesday, the company announced that sales rose by 8.5 billion euros year-on-year to about 17.7 billion euros in the first quarter of 2020 while adjusted net income was 6 percent above the prior-year.
Shares of Allianz fell by 2.06 percent. The German insurer was the biggest loser at the start of trading on Tuesday after announcing operating profit in the first quarter declined 22.2 percent to 2.3 billion euros while total revenues went up by 5.7 percent to 42.6 billion euros.
The yield on German ten-year bonds went up by 0.027 percentage points to minus 0.493 percent and the euro was trading almost unchanged at 1.0808 U.S. dollars, increasing slightly by 0.02 percent on Tuesday morning. Enditem
