Early Monday trading saw a subdued start, with the DAX index edging into negative territory by midday. The benchmark index was calculated at approximately 23,980 points around 12:40 PM, representing a decrease of 0.2 percent from Friday’s closing level.
Zalando, Rheinmetall and Siemens Energy led the performance gains on the day. Zalando’s upward trend is believed to be supported by a positive analyst review. Conversely, Deutsche Bank, BMW and Mercedes-Benz experienced the most significant losses.
The Euro weakened slightly against the US Dollar, trading at $1.1719, making the Dollar equivalent to €0.8533.
Oil prices also saw a marginal decline. Brent North Sea crude was priced at $67.64 per barrel around midday, a decrease of 13 cents, or 0.2 percent, compared to the previous trading day’s closing value.