FX.co ★ DAX on Cautious Note

The DAX index in Frankfurt remained stable on Monday after an initial rise, mirroring a general cautiousness across European markets as investors watched for updates on tariff negotiations. President Donald Trump has announced that he does not intend to extend the current 90-day suspension on tariffs beyond July 9, at which point the negotiation period will conclude. His administration plans to notify almost 200 countries that trade penalties will be implemented unless they reach agreements with the United States. Turning to economic data, German inflation and retail sales figures are being closely monitored as investors seek insight into the European Central Bank's future interest rate decisions. Additionally, significant attention is centered on the ECB Forum occurring today in Sintra, where several ECB officials will deliver speeches. A key highlight will be a panel discussion featuring ECB President Christine Lagarde alongside the governors of the Federal Reserve, Bank of England, and Bank of Japan. In the corporate sector, defense stocks led the gains across various industries.