After the recent gains, the German stock market initially went down a bit at the beginning of the new trading week. A few minutes after opening, the Dax was 0.42 percent lower at 13,403.09 points. The MDax lost 0.33 percent to 23,732.13 points. The leading eurozone index, the EuroStoxx 50, fell by 0.5 percent.

Investors are positioning themselves to wait and see for important events this week, including the US midterm elections and US consumer prices. In Frankfurt, they initially follow international events with skepticism after the US stock exchanges finally rose sharply on Friday after a changeable course and the recovery on the Hong Kong stock exchange continued in the morning.