Equities traded cautiously to begin the week, with Germany’s DAX index closing at 24,273 points, a decrease of 0.4 percent from the previous session. Market analysts note a restrained approach from investors, with attention largely focused on developments within the financial sector and wind turbine manufacturers.
Performance within the DAX was uneven. Shares in Rheinmetall and companies within the banking and finance sectors led gains, while energy providers and those in the chemical industry experienced declines.
Trading volumes remain thin and investors are currently monitoring US housing data and the Dallas Fed’s business index, though these are not expected to significantly impact financial markets.
In currency markets, the Euro weakened slightly to $1.1679, with the dollar trading at 0.8562 Euros.
The price of gold remained relatively stable, trading at $3,372 per fine ounce, equivalent to 92.83 Euros per gram.
However, crude oil prices saw a notable increase. Brent crude oil futures rose by 1.4 percent, closing at $68.66 per barrel as of late Monday afternoon German time.
