DAX Down Marginally In Cautious Trade

(RTTNews) - German stocks are mostly subdued Monday morning with investors largely staying cautious due to a lack of triggers. Investors are also awaiting more news on U.S.-China trade negotiations.

According to a report in Chinese media, U.S. and China had "constructive discussions" regarding a phase-one trade deal in a high-level phone call.

The benchmark DAX, which advanced to 13,284.35 after opening slightly weak, retreated to 13,221.32 subsequently.

It was last seen at 13,228.62, down 13.13 points, or 0.1%, from previous close.

On Friday, the index ended with a gain of 0.47%.

Fresenius, up 1.6%, tops the list of gainers in the DAX index. Deutsche Bank is gaining about 1.3%

Vonovia and Adidas are up 1.2% and 1.1%, respectively. RWE and Henkel are modestly higher.

On the other hand, Lufthansa is down nearly 1%

Covestro is declining 0.85%. SAP, Beiersdorf, Volkswagen, Infineon, Siemens and Deutsche Post are lower by 0.4 to 0.6%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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