FRANKFURT (dpa-AFX) - A downward movement in the Dax due to a mixture of tariff, interest rate and inflation concerns continued on Monday morning. In early trading, the leading German index fell by 0.31 percent to 20,152 points. The MDax fell by 0.43 percent to 25,262 points. At the Eurozone level, the EuroStoxx 50 even fell by 0.7 percent.

Last Wednesday, the Dax was within sight of its record from mid-December. However, as the experts at Landesbank Helaba write, there were no major impulses in the second half of the week to test or break the record high - neither fundamentally nor technically. US President-elect Donald Trump dampened the good mood with renewed threatening gestures regarding high import duties.

Good US economic data then further dampened investors' mood on Friday, as concerns about the Federal Reserve's failure to lower interest rates for the time being were further fueled. According to the experts at UBS, leading Fed representatives are increasingly of the opinion that the task of bringing US inflation back to the 2 percent target has not yet been completed. So there is no rush to lower interest rates further./tih/stk