German shares open higher at the start of trading

2021-04-29 09:35:40 GMT2021-04-29 17:35:40(Beijing Time) Xinhua English

BERLIN, April 29 (Xinhua) -- German stocks opened higher at the start of trading on Thursday, with the benchmark DAX index growing by 34.05 points, or 0.22 percent, opening at 15,326.23 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was Deutsche Bank, increasing by 1.19 percent, followed by online food delivery company Delivery Hero with 1.11 percent.

BASF came in third, growing by 1.09 percent after the German chemical giant announced a "strong start to 2021," with sales growing by 16 percent to 19.4 billion euros (23.5 billion U.S. dollars) in the first quarter, "mainly due to higher prices and volume growth."

Shares of German reinsurer Munich Re fell by 3.34 percent and were the biggest loser at the start of trading.

Germany's Federal Statistical Office (Destatis) announced on Thursday that the country's index of import prices in March increased by 1.8 percent from the previous month and even by 6.9 percent year on year, and the index of export prices grew by 0.8 percent on February and 2.2 percent year on year respectively.

On Thursday, Destatis announced that roughly 44.3 million people living in Germany were employed as of March, up 16,000 from the previous month but still down 1.4 percent year on year.

The yield on German ten-year bonds increased by 0.010 percentage points to minus 0.222 percent and the euro was trading almost unchanged at 1.2126 U.S. dollars, decreasing by 0.01 percent on Thursday morning. Enditem