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German shares virtually unchanged at the start of trading on Monday

BERLIN
2021-04-12 17:20

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BERLIN, April 12 (Xinhua) -- German stocks were virtually unchanged at the start of trading on Monday, with the benchmark DAX index growing by 4.69 points, or 0.03 percent, opening at 15,238.85 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was automotive supplier Continental, increasing by 1.53 percent, followed by sportswear manufacturer Adidas with 1.14 percent and mail and logistics company Deutsche Post with 1.03 percent.

On Monday, U.S. investment bank Jefferies raised its price target for Adidas from 270 euros (321 U.S. dollars) to 340 euros (404 dollars) and upgraded the rating from "hold" to "buy." Shares of Adidas were trading at around 280 euros (333 dollars) on Monday morning.

Shares of Deutsche Bank fell by 0.97 percent. The German financial institute was the biggest loser at the start of trading on Monday.

The yield on German ten-year bonds declined 0.031 percentage points to minus 0.327 percent, and the euro was trading almost unchanged at 1.1898 dollars, decreasing by 0.01 percent on Monday morning.
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