Xinhua
25 Nov 2020, 20:44 GMT+10
BERLIN, Nov. 25 (Xinhua) -- After reaching a nine-month high on Tuesday, German stocks continued positively at the start of trading on Wednesday, with the benchmark DAX index rising by 54.33 points, or 0.41 percent, opening at 13,346.77 points.
The biggest winner among Germany's 30 largest listed companies at the start of trading was aircraft engine manufacturer MTU Aero Engines, increasing by 2.40 percent, followed by Deutsche Bank with 0.90 percent and pharmaceutical giant Bayer with 0.82 percent.
On Wednesday, private bank Berenberg raised its price target for MTU from 150-230 euros (178-274 U.S. dollars) and upgraded the rating from "hold" to "buy." Shares of the German aircraft engine specialist were trading at around 214 euros (255 U.S. dollars) at the start of trading on Wednesday.
Shares of Vonovia fell by 0.55 percent. The German housing company was the biggest loser at the start of trading on Wednesday.
New orders in Germany's main construction industry in September grew by 3.6 percent on the previous month and were even up 4.9 percent year-on-year, the country's Federal Statistical Office (Destatis) announced on Wednesday.
Destatis also reported that prices for residential property in Germany in the third quarter of 2020 grew by 2.6 percent on the previous quarter and by 7.8 percent year-on-year, the highest average price increase since 2016.
The yield on German ten-year bonds went down 0.001 percentage points to minus 0.567 percent, and the euro was trading almost unchanged at 1.1893 U.S. dollars, increasing by 0.01 percent on Wednesday 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 ...