FX.co ★ DAX Dips On Weak Chinese Data

On Monday, German stocks were trending lower following disappointing Chinese economic data and in anticipation of significant central bank decisions expected this week.

In August, Chinese retail sales and industrial production figures fell short of expectations, leading to increased speculation that the government might introduce additional, gradual stimulus measures in the fourth quarter to boost consumption and the real estate sector.

Consequently, the benchmark DAX index declined by 37 points, or 0.2 percent, to 18,662, following a 1 percent rally on Friday.

In corporate developments, Vossloh AG saw its shares rise by more than 2 percent. The rail technology company announced it had secured a contract valued at over 100 million euros for a two-year period from DB InfraGO AG, a unit of Deutsche Bahn AG.