With the upcoming central bank decisions in their sights, investors on the German stock market held back on Monday. Under the impression of moderate economic data from Germany, the Dax increased its losses a little by midday and was down 0.69 percent at 15,045.18 points.

The MDax for medium-sized companies fell by 1.23 percent to 28,718.67 points. The EuroStoxx 50, the leading index in the euro zone, fell by 0.94 percent to 4138.91 points.

Investors are waiting for key interest rate decisions from central banks in the US, Europe and Great Britain this week. Many investors are therefore initially holding back.

In Germany, meanwhile, the economy shrank in the wake of record inflation and the energy crisis at the end of last year and thus fell short of expectations.

At the beginning of the week, this pushed real estate values, which are considered to be highly sensitive to interest rates, into the red. In the Dax, for example, Vonovia lost almost two and a half percent. Aroundtown was one of the biggest losers in the MDax with around four and a half percent.

In addition, Commerzbank provided a topic of conversation after surprisingly presented preliminary annual figures. The paper initially continued the rally that began in mid-December with a price increase of almost three percent and then returned to a plus of almost one percent by midday.

After two loss-free years based on earnings before interest, taxes, depreciation and amortization, Commerzbank also sees itself well prepared for the Linde successor in the Dax. Rheinmetall, which experts had recently seen as a subsequent candidate, would then be left behind – the shares in the auto supplier and armaments group recently fell by 1.7 percent.

At the end of the MDax, the shares of the industrial and automotive supplier Stabilus were listed at minus 4.7 percent.