FX.co ★ DAX Steady as Investors Brace for Corporate Earnings and ECB Decision

On Monday, Frankfurt's DAX 40 index hovered around the 24,330 level as investors displayed caution in anticipation of a significant week. This period is set to feature quarterly earnings reports from several companies listed on the DAX, alongside the European Central Bank's (ECB) upcoming policy decision. Market expectations suggest that the ECB will maintain current interest rates on Thursday, following a series of reductions, as uncertainties over tariffs persist and the euro remains strong. Investors will also closely monitor further evolution in EU-US trade negotiations. In terms of individual stock performance, German automotive companies such as BMW, Mercedes-Benz, and Volkswagen faced pressure after Stellantis, the multi-brand automobile conglomerate, disclosed a preliminary first-half loss. In contrast, airline stocks could experience a lift following Ryanair's unexpected strong earnings report for the last quarter, attributed partly to a substantial rise in ticket prices.