German shares see little change at start of trading

German stocks were almost unchanged at the start of trading on Wednesday, with the benchmark DAX index increasing by 9.37 points, or 0.07 percent, opening at 12,998.66 points.

The biggest winner among Germany’s 30 largest listed companies at the start of trading was the German chip manufacturer Infineon, increasing 0.84 percent, followed by pharmaceutical company Merck with 0.43 percent, and sportswear manufacturer Adidas with 0.43 percent.

Shares of MTU Aero Engines, a German aircraft engine manufacturer, fell by 0.48 percent, the biggest loser at the start of trading.

The Mechanical Engineering Industry Association (VDMA) announced that German machine manufactures recorded a decrease of 11 percent in order intake in October year-on-year.

Orders from German customers fell by 13 percent, while international demand for German mechanical products fell by 10 percent in October, said the industry association VDMA.

The euro was almost unchanged, increasing slightly by 0.02 percent on Wednesday morning, trading at 1.1084 U.S. dollars.