(RTTNews.com) – German stocks traded marginally lower in early trade Wednesday as the dollar rally paused and Bayer unveiled fundraising plans to help finance the $ 66 billionMonsanto deal.
The benchmark DAX was up 11 points or 0.11 percent at 10,723 in opening deals after gaining 0.4 percent the previous day.
Shares of chemicals and life sciences company Bayer slumped 5 percent as the company announced plans to raise four billion euros via convertible notes.
Wirecard shares rallied 4.5 percent after the financial services and technology company backed its full-year EBITDA view.
Volkswagen rose 1 percent on a Bloomberg report that the automaker has reached an agreement with U.S. environmental regulators to fix or buyback around 80,000 polluting Audi, VW and Porsche vehicles with tainted 3-liter diesel engines.
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