25.08.202507:40:27UTC+00DAX Opens Week Lower

On Monday, Frankfurt's DAX index experienced a decline of 0.5%, settling at approximately 24,240 as the trading day concluded. This movement pared back some of the gains witnessed in the previous session, as investors processed the recent remarks from European Central Bank President Christine Lagarde. During a statement on Saturday, Lagarde highlighted the unexpected strength of Europe's labor market, which has shown resilience even in the face of high inflation and several significant interest rate hikes over recent years. Concurrently, Jerome Powell, Chairman of the US Federal Reserve, hinted at potential interest rate reductions in the near future. Additionally, market participants are evaluating the latest details of the US-EU trade agreement, which have provided clarity to key sectors such as the pharmaceutical industry. Looking ahead, investors are keenly anticipating the Ifo Business Climate survey outcomes later today, as well as the forthcoming reports on retail sales, employment figures, and preliminary inflation data set to be released on Friday. In the stock market, some of the major decliners included Siemens Energy, which dropped by 1.8%, RWE, down by 1.6%, and E.ON, which fell by 0.9%.