Frankfurt's DAX index concluded Monday's trading session with a decline of approximately 0.4%, settling at 23,274, echoing the performance of other major European markets. This downturn came as investors kept a close watch on geopolitical tensions and analyzed new economic data. A segment of the investment community is speculating that the recent hostilities between the United States and Iran may not intensify further. This speculation follows the United States' recent military actions against three Iranian nuclear sites over the weekend.
On the economic front, the latest flash PMI survey revealed a recovery in Germany's private-sector activity, marking a positive shift in June, the first since April.
In terms of individual stock performances, Munchener Ruck experienced the most significant decline, falling 3.1%, with Sartorius and Brenntag trailing closely behind, down 2.5% and 2.3%, respectively. German defense companies such as Renk Group, Hensoldt, and Rheinmetall faced notable decreases as well, dipping by 5.3%, 2.5%, and 1%, respectively. Conversely, RWE and Deutsche Telekom emerged as the leading gainers, appreciating by 1.7% and 1.6% respectively.
