Mon, 28 Sep 2020

BERLIN, Aug. 14 (Xinhua) -- German stocks were almost unchanged at the start of trading on Friday, with the benchmark DAX index losing 28.49 points, or 0.22 percent, opening at 12,965.22 points.

The biggest winner among Germany's largest 30 companies at the start of trading was plastics specialist Covestro, increasing by 0.37 percent, followed by utility E.ON with 0.35 percent and industrial gas producer Linde with 0.24 percent.

Shares of Wirecard fell by 8.21 percent. The German financial service provider was the biggest loser at the start of trading on Friday, followed by aircraft engine manufacturer MTU Aero Engines declining by 2.02 percent and building materials company HeidelbergCement down 1.19 percent.

On Thursday after trading, German carmaker Daimler announced it had reached "agreements in principle" to settle regulatory and civil proceedings in the U.S. by paying a fee of approximately 1.5 billion U.S. dollars. U.S. authorities had found an emission control unit in around 250,000 diesel vehicles produced by Daimler that were sold in the country.

The yield on German 10-year bonds went up 0.001 percentage points to minus 0.407 percent, while the euro was trading almost unchanged at 1.1816 U.S. dollars, increasing by 0.01 percent on Friday morning.

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