European stock markets experienced a subdued trading session Monday, with Germany’s DAX index remaining in negative territory by midday. The benchmark index reached approximately 24,280 points, representing a 0.3 percent decrease from the previous day’s closing level. Leading the gains were shares in Rheinmetall, Siemens Energy and RWE, while Airbus, Deutsche Post and Commerzbank saw the most significant declines.
Market analysts attribute the cautious trading to ongoing geopolitical uncertainties. Andreas Lipkow noted market participants are approaching follow-up discussions involving Ukraine, European nations and the United States with mixed expectations, particularly regarding the prospects for a ceasefire and the inherent unpredictability of the situation. The lack of strong, independent buying impetus is also contributing to the downward pressure.
The Euro weakened against the US dollar midday, trading at 1.1679 dollars, while the dollar was valued at 0.8562 Euros.
Oil prices, meanwhile, saw a slight increase. Brent crude was trading at $66.02 a barrel around midday German time – a 0.3 percent rise of 17 cents from the previous day’s close.