Wed, 20 Oct 2021

BERLIN, Sept. 20 (Xinhua) -- German shares went off to a bad start on Monday, with the benchmark DAX index losing 230.67 points, or 1.49 percent, opening at 15,259.5 points.

The biggest winner among Germany's 30 largest listed companies was housing company Deutsche Wohnen, increasing 0.38 percent, followed by powertrain company Vitesco Technologies decreasing 0.26 percent and pharmaceutical company Merck with a minus of 0.36 percent.

Shares of Deutsche Bank fell by 4.29 percent. The German financial institute was the biggest loser at the start of trading on Monday.

German producer prices of industrial products in August grew by 1.5 percent over the previous month and were even up 12 percent year-on-year, the highest increase compared to the corresponding month of the preceding year since December 1974, the Federal Statistical Office (Destatis) announced Monday.

The yield on German ten-year bonds decreased 0.0215 percentage points to minus 0.3015 percent and the euro was trading almost unchanged at 1.1728 U.S. dollars, decreasing by 0.02 percent on Monday morning.

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