Trading on the Frankfurt Stock Exchange saw a subdued start on Monday, with the benchmark DAX index edging into negative territory by midday. Calculated around 12:40 PM, the index stood at approximately 13,980 points, representing a slight decrease of 0.2 percent compared to Friday’s closing level.
Leading the gains on the day were Zalando, Rheinmetall and Siemens Energy. Zalando’s outperformance is believed to be influenced by positive commentary from market analysts. Conversely, Deutsche Bank, BMW and Mercedes-Benz experienced the largest declines in share prices.
The Euro weakened slightly against the US Dollar as of midday, trading at $1.1719, which translates to a dollar fetching €0.8533.
Meanwhile, oil prices saw a minor decrease. Brent crude, a benchmark North Sea variety, was priced at $67.64 per barrel around midday, reflecting a drop of 13 cents, or 0.2 percent, from the previous trading day’s closing price.
