DAX Futures exhibited a predominantly subdued performance on Monday morning, influenced by U.S. President Donald Trump’s warning of 100% tariffs on Canada and the prevailing concerns regarding a potential government shutdown in the U.S., which contributed to a cautious sentiment in the market.

Investors are anticipating significant updates on technology earnings as well as the forthcoming announcement regarding the Federal Reserve’s monetary policy. The benchmark DAX experienced a decline of 33.75 points, reflecting a decrease of 0.14%, settling at 24,825.61 just prior to noon. German supplier of automotive and industrial products Stabilus experienced an increase of nearly 3% following the company’s first-quarter cash flow, which more than tripled, even in the face of declining revenue.

• MTU Aero Engines, Rheinmetall, SAP, and Volkswagen experienced declines ranging from 1.3% to 1.7%.
• Fresenius and Daimler Truck Holding experienced declines of approximately 1.1% and 1%, respectively.
• GEA Group, Infineon Technologies, Merck, Zalando, Beiersdorf, and Deutsche Telekom experienced declines ranging from 0.3% to 0.1%.
• Commerzbank experienced an increase of nearly 2%. Deutsche Bank experienced an increase of 1.5%.
• Heidelberg Materials, E.ON, Adidas, Deutsche Post, Qiagen, Bayer, RWE, and Brenntag saw gains ranging from 0.5% to 1%.

In economic news, Germany’s Ifo Business Climate Index held steady at 87.6 in January 2026, remaining close to its lowest point since May 2025 and falling short of market expectations of 88.1. The Current Conditions index experienced a slight increase to 85.7, up from 85.6, whereas the Expectations index saw a decline to 89.5, down from 89.7.