German shares show small gains at start of trading

Source: Xinhua| 2020-10-06 17:12:13|Editor: huaxia

BERLIN, Oct. 6 (Xinhua) -- German stocks were up slightly at the start of trading on Tuesday, with the benchmark DAX index increasing 30.66 points, or 0.24 percent, opening at 12,858.97 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was chipmaker and semiconductor manufacturer Infineon, increasing by 1.24 percent, followed by energy company RWE with 1.12 percent and Deutsche Bank with 1.06 percent.

Shares of Vonovia fell by 0.51 percent. The German housing company was the biggest loser at the start of trading on Tuesday.

New orders in the German manufacturing industry in August increased by 4.5 percent compared to the previous month, but were still 3.6 percent below the level before the coronavirus crisis, the Federal Statistical Office (Destatis) announced on Tuesday.

Production expectations of Germany's industry improved as the ifo index increased from 15.6 points in August to 20.8 points in September, the German ifo Institute announced on Tuesday. "But the outlook varies greatly between different industries," Klaus Wohlrabe, head of surveys at ifo, said.

The yield on German ten-year bonds went up 0.004 percentage point to minus 0.508 percent, and the euro was trading at 1.1716 U.S. dollars, increasing by 0.07 percent on Tuesday morning. Enditem