DAX Edges Lower In Lackluster Trade

German stocks were little changed in cautious trade on Monday, with worsening political unrest in Hong Kong, concerns over U.S.-China trade deal and Moody's warning on Britain's sovereign debt weighing on markets.


The benchmark DAX was down 13 points at 13,215 after losing half a percent on Friday.

Trade-sensitive automakers were moving lower after data showed auto sales in China fell for a 16th consecutive month in October. BMW slid half a percent and Volkswagen edged down 0.3 percent.


Telecommunications provider QSC AG was moving down despite the company confirming its full-year forecast.


Payment group Wirecard advanced 1.8 percent after it announced a strategic partnership with Here Mobility.


In economic releases, Germany's wholesale prices declined at the fastest pace in more than three years in October, data from Destatis revealed.


Wholesale prices fell 2.3 percent year-on-year in October, following a 1.9 percent drop in September. This was the biggest annual fall since May 2016.


The largest annual fall in prices was seen in petroleum products, followed by waste and residual materials.

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