After an early upmove, Germany's equity benchmark DAX drifted lower Monday morning, weighed down by weakness in defense stocks amid signs of progress in Ukraine peace talks. With no economic data due for the day, and not any big news on the corporate front, the mood in the market remained subdued.
Also, with the market to close early on Tuesday and remain shut on Thursday and Friday for New Year holidays, traders appear reluctant to make big moves.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.