The DAX opened 0.2 percent higher at 24,724 points. On Friday, the index closed 1.3 percent lower at 24,671 points. The decline for June so far stands at 1.7 percent, while the index has gained 0.7 percent in the first half of the year.
Investors face challenges from the US tariff dispute, the crisis in the Middle East, and concerns about overvaluation in the technology sector. “Concerns about high valuations in the tech sector keep cropping up at the stock markets, and as a result the DAX is essentially stuck in a rut,” Landesbank Helaba wrote in a market commentary.
Monetary policy also remains a key topic, particularly with upcoming inflation data from Germany, France, and Italy. Investors are looking for clues on the European Central Bank’s (ECB) interest rate decision on July 23, after the central bank raised rates for the first time in three years in June.
Source: Tagesschau
