FX.co ★ DAX Starts the Week Higher

On Monday, Frankfurt's DAX index ascended approximately 0.4%, surpassing the 22,300 mark, as investors anticipated a series of corporate earnings reports and crucial economic data scheduled for release this week in Europe and the United States. The prospect of improved trade relations between the U.S. and China further bolstered the positive market sentiment. The automotive, technology, and banking sectors were among the top performers. Among this week's anticipated earnings reports are those from Porsche, Schneider Electric, and Deutsche Boerse. In corporate developments, German healthcare and materials conglomerate Merck announced an agreement to acquire U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 billion, aiming to enhance its cancer drug portfolio.