FX.co ★ DAX Eases as French Political Turmoil Tempers Investor Sentiment

The Frankfurt DAX 40 experienced a slight decline on Monday, settling at 24,350 points, as European investors responded to the unexpected resignation of French Prime Minister Sébastien Lecornu. His exit followed President Emmanuel Macron's decision to maintain a largely unchanged cabinet, sparking criticism for lacking a signal of new political direction. This dip interrupted the German index's positive momentum from the previous week, when it rose by 2.5%, buoyed by expectations of further U.S. interest rate cuts that might spark a year-end rally. On the corporate side, Redcare Pharmacy saw a surge of over 12% after reporting strong quarterly sales and reaffirming its annual objectives. Hannover Re experienced a 0.7% increase after revealing plans to raise the payout ratio for its regular dividend, citing a “very strong capital base.” Additionally, Nordex climbed 1% following announcements of new wind turbine orders from Ukraine.