DAX opens week flat-to-lower near 26,020 amid ECB-rate expectations
The DAX 40 was flat to lower around 26,020 on Monday, with investors cautious over Middle East escalation tensions and ahead of an ECB decision later this week.
The DAX 40 was flat to lower around 26,020 on Monday, as investors stayed cautious across European markets amid escalation tensions in the Middle East and before a key ECB policy decision later this week. The central bank is widely expected to hike interest rates by 25 bps on Thursday. Eurozone inflation has already moved above the 3% mark and remains far from the ECB’s 2% target, with no slowdown expected in the coming months as the war in Iran continues to push prices higher. Investors also weighed the implications of the AfD’s victory in Saxony-Anhalt, which dealt a heavy blow to Chancellor Friedrich Merz’s CDU and heightened concerns over political stability.
Qiagen NV.