German shares with little change at the start of trading on Friday

Xinhua
31 Jul 2020, 14:00 GMT+10

BERLIN, July 31 (Xinhua) -- German stocks showed little change at the start of trading on Friday, with the benchmark DAX index increasing 23.45 points, or 0.19 percent, opening at 12,403.10 points.

The biggest winner among Germany's 30 largest listed companies at the start of trading was building materials company HeidelbergCement, increasing by 2.25 percent, followed by financial service provider Wirecard with 2.14 percent and car manufacturer Volkswagen with 1.36 percent.

On Thursday, HeidelbergCement announced that revenues decreased by 10.4 percent in the first half of the year compared with the previous year. The result from current operations before depreciation and amortization fell by 2.4 percent to 1.40 billion euros (1.67 billion U.S. dollars).

Shares of Covestro fell by 2.52 percent. The German chemicals group was the biggest loser at the start of trading on Friday.

Also on Friday, the Federal Statistical Office (Destatis) announced that turnover in retail trade in June was in real terms 1.6 percent lower than last month and 5.9 percent lower year-on-year.

The yield on German 10-year bonds went down 0.002 percentage points to minus 0.549 percent, and the euro was trading almost unchanged at 1.1844 U.S. dollars, increasing slightly by 0.01 percent on Friday morning.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

null in null

Lifestyle

Section

Filmmaker joins biotech effort to bring back extinct giant bird

WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...

Himachal government announces Rs 7 lakh relief to house collapse victims; monsoon death toll reaches 105

Shimla (Himachal Pradesh) [India], July 14 (ANI): Himachal Pradesh government has announced a relief of Rs 7 lakh per household for...

Gujarat: CM Bhupendra Patel approves integration of Narmada settlements into gram panchayats

Gandhinagar (Gujarat) [India], July 14 (ANI): The state government has finalised the regulations for merging and transferring the settlements...

President Droupadi Murmu graces convocation ceremony of AIIMS, Bhubaneswar

New Delhi [India], July 14 (ANI): President Droupadi Murmu, graced the fifth convocation ceremony of AIIMS, Bhubaneswar, at Bhubaneswar,...

Himachal Pradesh: Apple growers agitated over cutting down orchards mid-season, minister cites limitations of law

Shimla (Himachal Pradesh) [India], July 14 (ANI): Amid mounting tensions over the cutting down of apple orchards on forest land, farmers...

ZPM government's flagship programmes show impact within first year: Mizoram Home Minister

Aizawl (Mizoram) [India], July 14 (ANI): Mizoram Home Minister K. Sapdanga on Monday declared that the Zoram People's Movement (ZPM)...

International

Section