German stocks fall 1.49 at beginning of trading on Monday
(MENAFN) On Monday, Sep. 20 German stocks went off to a bad beginning, with the benchmark DAX index decreasing 230.67 points, or 1.49 percent, starting at 15,259.5 points.
The greatest winner amongst Germany's 30 biggest listed firms was housing firm Deutsche Wohnen, rising 0.38 percent, followed by powertrain firm Vitesco Technologies declining 0.26 percent and pharmaceutical firm Merck with a minus of 0.36 percent.
Shares of Deutsche Bank declined by 4.29 percent. The German financial institute was the greatest loser at the beginning of trading on Monday.
The Federal Statistical Office (Destatis) declared Monday that German producer prices of developed products last month expanded by 1.5 percent during the prior month and surged 12 percent year-over-year, the highest rise in comparison with the same month of the preceding year since December 1974.
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