The Dax is set to open lower on Monday, according to futures markets. On Friday, the index closed 0.7 percent lower at 24,759.05 points. Investors engaged in profit-taking at the end of the week, particularly in technology stocks. Surprisingly strong job growth in the US fueled speculation of interest rate hikes toward the end of the year, which also weighed on sentiment across US equity markets.

On Monday, the focus remains on developments in the Middle East and Ukraine conflicts. The Israeli Air Force targeted military objectives in Iran overnight. Previously, US President Donald Trump had urged Israeli Prime Minister Benjamin Netanyahu not to jeopardize ongoing peace talks between the US and Iran with further military strikes.

Furthermore, the E3 nations - Germany, France, and Great Britain - along with Ukraine, have submitted written conditions under which they are prepared to enter direct talks with Russia. The objective is to achieve a ceasefire and support further negotiations.

The new week of economic data kicks off on Monday with April figures for German industrial orders. It remains to be seen whether the significant increase in March was primarily due to a one-off effect, says Commerzbank economist Ralph Solveen. The Sentix investor confidence index for June is also in focus, providing insight into how market participants view the Eurozone economy.

Closing prices of European Level  

Stock Indices and

-Futures on Friday

Dax 24,759.05    

EuroStoxx50 6,062.07    

EuroStoxx50-Future 6,067.00    

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Closing prices of Level Change in

US Indices on Friday Percent

Dow Jones 50,866.78   -1.3%  

Nasdaq 

S&P 500  7,383.74   -2.6%  

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Asian Indices on Prices at 07:00 Change in

Monday CET Percent

Nikkei 

Shanghai 3,976.83   -1.3%  

Hang Seng 24,668.59   -1.3%  

(Report by Sanne Schimanski and Anika Ross, edited by Christian Götz. For inquiries, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)