German stocks recorded slight increases on Monday, preceding a busy week filled with company earnings announcements, economic data reveals, and speeches by Federal Reserve officials.
Investors are awaiting the publication of the U.S. inflation data for January, scheduled for Tuesday, which could provide more insight into the Federal Reserve's interest rate plans, particularly in light of declining optimism about early rate cuts.
The DAX, Germany's benchmark stock index, increased by 69 points or 0.4 percent, reaching 16,995, following a 0.2 percent decrease on Friday.
In business-related news, shares in wind turbine manufacturer Nordex SE soared by 6.3 percent. The company announced that its estimated consolidated revenues for the 2023 fiscal year were 6.5 billion euros, surpassing the highest estimation which ranged between 5.6 and 6.1 billion euros. This demonstrates growth from the previous year, with revenues totaling 5.7 billion euros.
