According to calculations by banks and brokers, the DAX will open with losses on Tuesday.

After the first round of elections in France, fears of a radical change of policy in the country had initially subsided at the beginning of the week and led to relief on the European stock markets. Although the leading German index was unable to hold on to gains of up to 1.2 percent on Monday, it ended trading up 0.3 percent at 18,291 points.

Investors will be focusing on consumer price data for the eurozone during the course of the day. The previous day, the German inflation rate fell surprisingly sharply to 2.2 percent in June despite the European Football Championship. Experts surveyed by Reuters expect the inflation rate in the eurozone to have fallen again slightly in June - to 2.5 percent from 2.6 percent in May. This would bring the rate somewhat closer to the European Central Bank's target of two percent. It completed the downward turnaround in interest rates in June and could follow suit this year if inflationary pressure eases.

ECB President Christine Lagarde, US Federal Reserve Chairman Jerome Powell and Brazilian Federal Reserve Governor Roberto Campos Neto will also be discussing monetary policy at the ECB's central bank forum in Sintra this afternoon. Investors are hoping that Lagarde and Powell, in particular, will be able to provide indications on the development of interest rates on both sides of the Atlantic in the coming months.

European closing prices

Share indices and

-futures on Monday

Dax 18,290.66

Dax future 18,441.00

EuroStoxx50 4,929.99

EuroStoxx50 future 4,972.00

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Closing prices of the status Change in

US indices on Monday Percent

Dow Jones 39,169.52 +0.1%

Nasdaq 17,879.30 +0.8%

S&P 500 5,475.09 +0.3%

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Asian indices at 07:00 Change in

Tuesday clock percent

Nikkei 40,054.99 +1.1%

Shanghai 2,995.78 +0.0%

Hang Seng 17,821.69 +0.6%

(Report by Stefanie Geiger, edited by Christian Götz. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)