Overview

• The DAX opened 0.2% lower at 24,145 points while still securing a roughly 3% gain on the week
• President Trump’s ultimatum for a Ukraine ceasefire elapsed today without immediate new economic penalties
• Thyssenkrupp shareholders await the result of a vote on spinning off Thyssenkrupp Marine Systems with the parent to hold 51%
• Munich Re shares dropped 2.6% on Tradegate amid renewed declines in reinsurance contract pricing
• Oil recorded its steepest weekly loss since late June as RTL Group’s streaming revenue rose 27% to €235 million in H1