German stocks were making slight increases on Monday as key Eurozone inflation figures were expected to be released later in the day. In addition, the Federal Reserve and the Bank of England's policy decision meetings were scheduled for this week. The preliminary estimates revealed that the inflation in the Eurozone had reduced to 2.6% in February from 2.8% in January.
Data on Eurozone's foreign trade was also anticipated. The trade balance in December showed a surplus of 16.8 billion Euros.
The DAX, Germany's stock index, increased by 26 points or 0.1%, reaching 17,962, after a slight drop on Friday.
The euro's value experienced a slight decrease compared to the dollar in European trade, influenced by the higher-than-anticipated inflation data from the U.S last week.
Regarding corporate updates, the reinsurance company Hannover Re's share price increased slightly after reporting higher annual net income and projecting better returns for the financial year 2024.
