FX.co ★ DAX Edges Lower In Cautious Trade

German stocks experienced a decline in cautious trading on Tuesday as investors awaited key signals from the forthcoming European Central Bank (ECB) rate decision and jobs data from the United States.

In domestic economic news, Germany's unemployment rate held steady in April, as reported by the labor force survey released by Destatis earlier today. The adjusted unemployment rate remained constant at 3.2 percent for the month.

The number of unemployed individuals saw a marginal decrease of 1,000, representing a 0.1 percent drop to a total of 1.42 million. However, the jobless rate showed a slight increase from the previous year, rising to 3.2 percent from the prior 3.1 percent.

The benchmark DAX index fell by 116 points, or 0.6 percent, settling at 18,492, following a 0.6 percent increase in the previous trading session.

Shares of Deutsche Telekom AG declined by 2 percent after Germany's state-owned investment bank KfW announced the initiation of a sale of 110 million shares of the company.