Xinhua
24 Nov 2020, 21:30 GMT+10
BERLIN, Nov. 24 (Xinhua) -- German stocks were off to a good start on Tuesday, with the benchmark DAX index rising 127.45 points, or 0.97 percent, opening at 13,254.42 points.
The biggest winner among Germany's 30 largest listed companies at the start of trading was automotive supplier Continental, increasing by 2.45 percent, followed by online food delivery company Delivery Hero with 1.66 percent and chemical giant BASF with 1.58 percent.
Shares of Deutsche Wohnen fell by 0.39 percent. The German housing company was the biggest loser at the start of trading on Tuesday.
Germany's gross domestic product (GDP) offset a "large part of the massive decline in GDP recorded in the second quarter of 2020 due to the coronavirus pandemic," the country's Federal Statistical Office (Destatis) announced on Tuesday. Still, GDP was down 3.9 percent year-on-year, Destatis added.
On Tuesday, Germany's stock exchange operator Deutsche Boerse announced that the country's top DAX index, currently comprising 30 members, would be expanded by 10 members as of September 2021. In addition, Deutsche Boerse tightened its rules regarding company balance sheets and the regulation of financial statements.
The yield on German ten-year bonds went up 0.010 percentage points to minus 0.568 percent, and the euro was trading almost unchanged at 1.1840 U.S. dollars, increasing by 0.01 percent on Tuesday morning.
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationU.S. stocks rose on Tuesday, the last day of Donald Trump's presidency.It was a fitting farewell as numerous records were ...
DUBLIN, Ireland - Five additional Irish ports for UK registered Northern Ireland vessel landings have been designated for both IUU ...
SYDNEY, NSW, Australia - Stocks in Asia were hot on Tuesday, although mainland China was running against the trend.In Hong ...
SYDNEY, NSW, Australia - The Australian metropolitan commercial radio audience grew by 2% to nearly 11.1 million listeners in 2020, ...
NEW YORK, New York - According to futures trading, U.S. stocks are likely to sink further when they re-open on ...
WASHINGTON, DC - Tech giant, Apple might finally be getting rid of Touch Bar from its next rendition of the ...
SYDNEY, NSW, Australia - The Australian metropolitan commercial radio audience grew by 2% to nearly 11.1 million listeners in 2020, ...
Hall of Fame pitcher and Los Angeles Dodgers great Don Sutton has died at the age of 75, his family ...
New Delhi [India], January 19 (ANI): Union Information and Broadcasting Minister Prakash Javadekar took a swipe at the Congress party ...
Two Spanish footballers were sentenced to two years imprisonment on Tuesday for broadcasting a sex tape with a woman on ...
New Delhi [India], January 19 (ANI): 'Tandav' creator Ali Abbas Zafar on Tuesday revealed that the cast and crew of ...
Hyderabad (Telangana) [India], January 19 (ANI/NewsVoir): Nord Anglia Education, the world's leading premium international school's organisation, today announced that Simon ...