The German DAX index experienced a subdued start to the trading week, showing minimal change by the close of the Xetra exchange. The index finished at 24,307 points, representing a slight increase of 0.1 percent compared to the previous day’s closing value.
Market analyst Andreas Lipkow described the trading activity within the DAX-listed companies as “lackluster” noting a cautious approach from investors who are closely monitoring developments in the United States. Concerns surrounding the ongoing tariff dispute between the European Union and the US have not yet triggered significant market reaction.
Lipkow cautioned that time is running short and the US has previously indicated a reluctance to compromise, suggesting the potential for volatility in European stock markets towards the end of July. While the issue is currently underrepresented in market sentiment, this could shift rapidly in the coming trading days.
The Euro strengthened during Monday afternoon, trading at $1.1711, equivalent to €0.8539 per US dollar.
Gold prices demonstrated a notable increase, reaching $3,398 per fine ounce, representing a gain of 1.4 percent, or €93.28 per gram.
Conversely, the oil price saw a decrease, with a barrel of Brent North Sea crude trading at $68.95, a reduction of 33 cents, or 0.5 percent, less than the previous day’s closing figure.
