FX.co ★ DAX Starts Week on Cautious Note

On Monday, the DAX index in Frankfurt began the trading session on a slightly positive note, only to dip marginally into negative territory around the 24,145 mark. Investors showed caution due to persistent trade and geopolitical uncertainties. The market's focus remains on the tariff discussions, particularly the potential renewal of the trade ceasefire between Washington and Beijing, which is set to end on August 12. Meanwhile, global investors are keenly observing the upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for Friday, with hopes it might lead to progress in resolving the Ukraine conflict. Defense sector stocks experienced downward pressure, with companies such as Rheinmetall, Hensoldt, and Renk experiencing declines of 3% to 5% amid the possibility of an agreement concerning the war in Ukraine. Conversely, Munchener Ruck, Merck, Fresenius Medical Care, and Sartorius emerged as top gainers, each registering increases of 1% to 2%.