The DAX 40 closed about 0.2% down at 24,636 after a volatile session on Monday, extending losses from the previous week, amid Middle East caution. After several days of missile and drone strikes near the Strait of Hormuz, the US and Iran have reportedly agreed to pause attacks, even as disagreements persist over the resumption of talks in Qatar this week. Meanwhile, investors braced for a slate of economic data releases, with inflation in focus, as well as the start of the ECB’s Sintra Forum, where Federal Reserve Chair Kevin Warsh and ECB President Christine Lagarde are scheduled to speak. Heidelberg Materials was the top loser, plunging 9.1% on reduced revenue forecasts from several analyst firms for the building materials group in the second quarter. Deutsche Post also faced heavy pressure, falling 5%, due to insider reports that CEO Tim Hottges is pushing ahead with the merger of Telekom and T-Mobile faster than previously thought,