BERLIN, Dec. 11 (Xinhua) -- German stocks were off to a shaky start on Friday, with the benchmark DAX index losing 40.49 points, or 0.30 percent, opening at 13,255.24 points.
The biggest winner among Germany's 30 largest listed companies at the start of trading was housing company Vonovia, increasing by 0.67 percent, followed by Deutsche Bank with 0.49 percent and housing company Deutsche Wohnen with 0.12 percent.
On Friday, U.S. investment bank Goldman Sachs raised its price target for Vonovia from 79.60 euros (96.21 U.S. dollars) to 82.80 euros (100.46 U.S. dollars), keeping the German housing company on its "Conviction Buy List." Shares of Vonovia were trading at around 57 euros (69 U.S. dollars) at the start of trading on Friday.
Shares of HeidelbergCement fell by 1.02 percent. The German building materials company was the biggest loser at the start of trading on Friday.
The inflation rate in Germany, measured as the year-on-year change in the country's consumer price index, fell to minus 0.3 percent in November, negative for the fourth month this year, the country's Federal Statistical Office (Destatis) announced on Friday.
The yield on German ten-year bonds went down 0.025 percentage point to minus 0.625 percent, and the euro was trading almost unchanged at 1.2140 U.S. dollars, decreasing by 0.02 percent on Friday morning. Enditem
