On Monday, there was little movement in German stocks following reports indicating that the country's exports and imports experienced an unexpected downturn in December. There was a 4.6 percent decrease in exports that month, which was a sharp contrast to the 3.5 percent increase seen in November. This marked decline spanned further than predicted with the expectation being a mere 2.0 percent drop.
Concurrently, imports also witnessed a downturn, falling by 6.7 percent, which counteracted the 1.5 percent increase observed in November. In this circumstance, analysts had predicted a more moderate decrease of around 1.8 percent.
Furthermore, January saw a drop in Germany's Composite PMI, which hit its lowest point in three months. Despite this, the flagship DAX was slightly above 16,928 after seeing a 0.4 percent rise on Friday.
Prominent corporate news that day included a 1.7 percent rise in shares for Delivery Hero. This company, which provides online food ordering and delivery services, reported an increase in its preliminary Gross Merchandise Value for the entire year. This boost was largely due to a surge in order volume in several regions where it operates.
