BERLIN (Xinhua/APP): German stocks were off to a good start Wednesday, with the benchmark DAX index rising 71.13 points, or 0.46 percent, opening at 15,320.40 points.
The biggest winner among Germany’s 30 largest listed companies at the start of trading was Deutsche Bank, increasing by 4.83 percent, followed by mail and logistics company Deutsche Post, with 1.65 percent and pharmaceutical company Merck with 0.90 percent.
On the same day, Deutsche Bank announced net revenues increasing by 14 percent to 7.2 billion euros (8.69 billion US dollars) with a net profit of 1.0 billion euros in the first quarter, marking the “highest group quarterly net revenues” since 2017.
Shares of Bayer fell by 2.80 percent. The German pharmaceutical and chemical company was the biggest loser at the start of trading Wednesday.
The German producer of premium polymers Covestro announced Wednesday that group sales increased 18.8% year-on-year to 3.3 billion euros (3.98 billion dollars), while EBITDA almost tripling to 743 million euros (897.16 billion dollars) in the same period.
Turnover in the non-financial business economy in Germany was “considerably up” in March, increasing by 5.7% compared with the previous month on a seasonally and calendar adjusted basis, the Federal Statistical Office announced Wednesday.
Consumer sentiment in Germany fell, with a forecasted decrease of 8.8 points for May, down 2.7 points from April, according to a monthly study published by market research institute GfK Wednesday.
The yield on German ten-year bonds increased 0.0180 percentage points to minus 0.2330 percent and the euro was trading almost unchanged at 1.2086 dollars, increasing by 0.01 percent Wednesday morning.
