FX.co ★ DAX Edges Higher With ECB Rate Decision In Focus

On Monday, German stocks opened on a firm note, recovering from significant losses experienced on Friday due to concerns over slowing U.S. growth.

Investors are anticipating key U.S. inflation data this week for further insight into potential rate cuts at the upcoming Federal Reserve meeting.

In Europe, attention is focused on the European Central Bank's (ECB) rate decision, expected on Thursday. The consensus is that the ECB will cut rates by 25 basis points.

The primary focus will be on commentary from ECB President Christine Lagarde regarding the possibility of additional cuts in October and December.

Additionally, several ECB members are scheduled to speak at various events throughout the week.

The benchmark DAX index rose by 100 points, or 0.6 percent, to 18,402 after a 1.5 percent decline on Friday.

In corporate news, sportswear brand Adidas AG saw its shares slump by 4.3 percent following a downgrade from Barclays, which revised its rating on the stock from "overweight" to "equal weight."