BERLIN, June 3 (Xinhua) -- After closing above the 12,000 points benchmark on Tuesday, German stocks continued strongly on Wednesday, with the benchmark DAX index rising 125.84 points, or 1.05 percent, opening at 12,147.12 points.
The biggest winner among Germany's largest 30 companies at the start of trading was chipmaker Infineon, increasing by 3.22 percent, followed by aircraft engine manufacturer MTU Aero Engines with 2.94 percent and German chemical giant BASF with 2.58 percent.
Shares of Fresenius Medical Care (FMC) fell by 0.60 percent. The German dialysis specialist was the biggest loser at the start of trading on Wednesday.
On Wednesday, Germany's largest airline Lufthansa announced that revenues declined to 6.4 billion euros (7.2 billion U.S. dollars) in the first quarter of 2020, resulting in losses of 2.1 billion euros (2.35 billion dollars).
"Global air traffic has come to a virtual standstill in recent months," reminded Carsten Spohr, chairman of the executive board of Lufthansa, adding that "this has impacted our quarterly results to an unprecedented extent."
Germany's unemployment figures in April increased by 13.4 percent month-on-month to 1.89 million people, the Federal Statistical Office (Destatis) announced earlier in the day.
After two days of negotiations, the German government is expected to announce details of a comprehensive economic aid package on Wednesday. German media reported that the final package, including a possible car premium, could amount to up to 100 billion euros (112 billion dollars).
The yield on German 10-year bonds went up 0.033 percentage points to minus 0.383 percent, and the euro was trading unchanged at 1.1170 dollars on Wednesday morning. Enditem
