FX.co ★ DAX Slips Into Red In Lackluster Trade

German stocks remained largely unchanged on Monday as investors anticipated a series of earnings reports and economic data throughout the week to gain insights into market trends.

Data released earlier today by Destatis indicated that Germany's producer prices decreased at an accelerated rate in September, primarily due to a significant reduction in energy prices. On an annual basis, producer prices fell by 1.4 percent, following declines of 0.8 percent in both August and July. This annual drop was predominantly influenced by decreasing energy costs. On a month-to-month basis, producer prices saw a 0.5 percent decrease, which contrasts with an uptick of 0.2 percent recorded in August.

The DAX index, Germany's main stock market index, slipped by 42 points, or 0.2 percent, settling at 19,615 after a 0.4 percent increase last Friday.

Software company SAP saw a slight increase in its stock value ahead of its upcoming earnings announcement.

Conversely, Munich Re, the reinsurance conglomerate, experienced a 2 percent decline following a downgrade from Jefferies on its stock rating.