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German shares open slightly lower


Xinhua
28 Sep 2021

BERLIN, Sept. 28 (Xinhua) -- German shares were almost unchanged at the start of trading on Tuesday, with the benchmark DAX index losing 31.88 points, or 0.20 percent, opening at 15,542.0 points.

The biggest winner among Germany's 40 largest listed companies was plastic specialist Covestro, increasing by 1.44 percent, followed by Deutsche Bank with 1.01 percent and carmaker Daimler with 0.73 percent.

Shares of Sartorius fell by 2.84 percent. The German pharmaceutical and laboratory equipment supplier which only became a DAX member last week was the biggest loser at the start of trading on Tuesday.

Consumer sentiment in Germany almost returned to the pre-crisis level in September, reaching the peak in one and a half years, according to the monthly consumer climate index by German market research institute GfK published on Tuesday.

Turnover in Germany's non-financial business economy in August declined by 0.3 percent on the previous month, but was still up 12.9 percent compared with February 2020, the month before restrictions were imposed because of the coronavirus pandemic in Germany, the country's Federal Statistical Office announced on Tuesday.

Producer prices of services in Germany in the second quarter grew by 3.3 percent on the previous quarter and were even up 7.2 percent year on year, the office said on Tuesday.

The yield on German ten-year bonds grew 0.0345 percentage points to minus 0.1895 percent and the euro was trading almost unchanged at 1.1699 U.S. dollars, up 0.01 percent on Tuesday morning.

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