Mon, 30 Nov 2020

BERLIN, Oct. 20 (Xinhua) -- German stocks were off to a shaky start on Tuesday, with the benchmark DAX index losing 35.51 points, or 0.28 percent, opening at 12,819.15 points.

The biggest winner among Germany's largest 30 companies at the start of trading was online food delivery company Delivery Hero, increasing by 1.29 percent, followed by aircraft engine manufacturer MTU Aero Engines with 0.87 percent and consumer goods company Beiersdorf, with 0.32 percent.

On Tuesday, the Canadian bank RBC maintained its "Outperform" for Delivery Hero that was recently promoted to the DAX and increased the price target from 115 to 130 euros. Shares of the online food delivery company were trading at around 100 euros in early trading on Tuesday.

Shares of Fresenius Medical Care fell by 1.89 percent. The German dialysis specialist was the biggest loser at the start of trading on Tuesday.

Producer prices of industrial products in Germany in October increased by 0.4 percent compared to the previous month but declined by one percent compared to last year, the country's Federal Statistical Office announced on Tuesday.

The yield on German ten-year bonds went up 0.004 percentage points to minus 0.624 percent, and the euro was trading almost unchanged at 1.1770 U.S. dollars, increasing by 0.01 percent on Tuesday morning.

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