The DAX in Frankfurt hovered near the 24,000 mark on Monday, maintaining levels close to its June 9 peak amid cautious sentiment over ongoing trade discussions. President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire.
His administration plans to notify nearly 200 countries that trade penalties will proceed unless deals are struck with the United States. On the data front, German inflation and retail sales data are in focus as investors look for clues on the ECB’s next move on interest rates. Meanwhile, attention is focused today on the ECB Forum in Sintra where several ECB bankers will speak, but above all there will be a panel in which ECB President Lagarde and the Governors of the Fed, BoE and BoJ will participate. On the corporate front, defense stocks led sectoral gains, with Rheinmetall, Hensoldt, Renk Group, MTU Aero Engines and ThyssenKrupp, adding between 1% and 2.2%.
