BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks traded slightly higher on
Monday as weaker-than-expected April U.S. jobs report released on Friday along
with separate data showing an unexpected contraction in U.S. service sector
activity in April boosted the case for rate cuts by the third quarter.

Closer home, media reports quoted European Central Bank Chief Economist Philip
Lane as saying that inflation is returning to the target in a timely manner and
hence there is a stronger case for June rate cut.

He is one of the six members of the Executive Board of the European Central
Bank, along with President Christine Lagarde and Vice President Luis de Guindos.

The benchmark DAX was up 49 points, or 0.3 percent, at 18,050 after rising 0.6
percent on Friday.



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