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German shares lose 0.96 pct at start of trading on Tuesday

BERLIN
2021-05-11 17:12

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BERLIN, May 11 (Xinhua) -- German stocks were off to a shaky start on Tuesday, with the benchmark DAX index losing 147.09 points, or 0.96 percent, opening at 15,253.32 points.

Siemens Energy showed the smallest losses, decreasing 0.55 percent, among Germany's 30 largest listed companies at the start of trading, followed by utility E.ON, declining by 0.75 percent and automotive supplier Continental down 0.79 percent.

On Tuesday, E.ON announced to be "fully on track after a strong first quarter of 2021" with adjusted EBIT up 14 percent year-on-year to 1.7 billion euros (2.1 billion U.S. dollars) while adjusted net income grew by 19 percent to roughly 800 million euros (973.04 million U.S. dollars).

Shares of Delivery Hero fell by 2.89 percent. The German online food delivery company was the biggest loser at the start of trading on Tuesday.

Wholesale prices in Germany in April rose by 1.1 percent on the previous month and were even up 7.2 percent year-on-year, the country's Federal Statistical Office (Destatis) announced on Tuesday.

The yield on German ten-year bonds increased 0.0435 percentage points to minus 0.1705 percent and the euro was trading almost unchanged at 1.2133 U.S. dollars, increasing by 0.01 percent on Tuesday morning.
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