FX.co ★ DAX Starts Week in the Red

Frankfurt's DAX saw a minor dip to around 23,300 on Monday, mirroring activity in European and global markets against a backdrop of escalating tensions in the Middle East, following the US's involvement in the Iran-Israel conflict over the weekend. Investors are apprehensive about the possibility of Tehran targeting oil infrastructure in adjacent nations or obstructing tanker passage through the Strait of Hormuz. On a data note, preliminary PMI figures indicated that the contraction in Germany's manufacturing and services sectors lessened in June.