Siemens Energy and RWE AG ST led the gains, rising 1.60 and 1.20%, respectively.
Meanwhile, auto stocks capped the early gains as trade uncertainties lingered. Mercedes-Benz Group fell 0.88%, with BMW, Porsche, and Volkswagen also posting losses.
Eurozone Consumer Sentiment in Focus
Later in the session, Eurozone consumer sentiment will require consideration. Economists expect the Consumer Sentiment Index to rise modestly from -16.7 in April to -16 in May. A higher reading could signal a pickup in consumer spending, bolstering the Eurozone economy. However, a softer print may strengthen the case for further ECB rate cuts.
US Markets Climb on Economic Optimism
Wall Street kicked off the week in positive territory amid positive sentiment toward the US economy. The Nasdaq Composite Index edged 0.02% higher on Monday, May 19, while the Dow and S&P 500 gained 0.32% and 0.09%, respectively.
Investors shrugged off Moody’s downgrade of the US sovereign credit rating from Aaa to Aa1. Recent economic indicators, including upbeat labor market data, softer inflation, and resilient consumer spending, have lifted risk sentiment.
Fed speakers, including Bostic, Barkin, and Collins, will speak later today. Their remarks on recent economic data and trade developments require consideration. Calls to delay rate cuts to gauge tariff effects could weigh on DAX-listed stocks. On the other hand, support for rate cuts could send the DAX to fresh record highs.