FX.co ★ DAX Starts the Week on Negative Note

The DAX in Frankfurt experienced a slight decline towards the 23,700 mark on Monday, pulling back after the positive performance of the previous week, as investors scrutinized various economic and geopolitical risks. The mood of caution was partly due to a downgrade of U.S. sovereign debt and fresh tariff threats issued by Treasury Secretary Scott Bessent. Additionally, a provisional agreement was reached between the EU and the UK regarding defense, fisheries, and youth mobility prior to their upcoming summit, potentially enabling British companies to bid for EU defense contracts. The focus is also on the much-awaited phone conversation between U.S. President Donald Trump and Russian President Vladimir Putin. Among individual stocks, Volkswagen was a significant loser, falling more than 4%, while SAP, MTU Aero Engines, Fresenius Medical Care, and Siemens Healthineers also posted declines ranging from 0.8% to 1.5%.