The DAX in Frankfurt fell 0.5% to around 24,240 on Monday, trimming gains from the previous session as investors weighed the economic outlook amid rising expectations of a US rate cut. Markets also digested comments from ECB President Christine Lagarde, who highlighted that Europe’s labor market has exceeded expectations, remaining resilient despite high inflation and a series of sharp interest rate hikes. Investors are additionally awaiting further details on the US-EU trade agreement, particularly for the pharmaceutical sector. On the data front, traders will watch the Ifo Business Climate survey later today, along with retail sales, jobs data, and flash inflation readings on Friday. Among DAX components, top laggards included Siemens Energy (-1.8%), RWE (-1.6%), and E.ON (-0.9%).