German stocks record small losses at start of trading

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BERLIN, May 31 (Xinhua) — German stocks recorded small losses at the start of trading on Monday, with the benchmark DAX index losing 26.5 points — or 0.17 percent — and opening at 15,496.48 points.

The biggest winner among Germany’s 30 largest listed companies at the start of trading was reinsurer Munich Re, increasing by 0.30 percent, followed by consumer goods company Henkel with 0.13 percent and online food delivery company Delivery Hero, increasing by 0.09 percent.

Shares of Deutsche Bank fell by 1.12 percent. Germany’s largest financial institution was the biggest loser at the start of trading on Monday.

On Monday, the Federal Statistical Office is scheduled to publish data on price development in May. The inflation rate in Germany in April, measured as the year-on-year change in the consumer price index, stood at plus 2 percent, the highest level in two years.

The yield on German ten-year bonds went up 0.1560 percentage points to minus 0.0270 percent, and the euro was trading almost unchanged at 1.2193 U.S. dollars, declining by 0.06 percent on Monday morning. Enditem

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