European stocks open mixed; DAX down 0.15%

The mixed open across major European indices suggests no single catalyst is driving the session, with losses broadly distributed rather than concentrated in one sector or country. The modest declines, all under a quarter percent, point to a cautious, low-conviction start rather than a risk-off shift. For market watchers, the key question is whether this dispersion widens into a clearer trend later in the day or if volume remains too thin to signal directional intent. The flat Euro Stoxx 50 against slight national declines hints at some rotation, but the lack of magnitude makes this more noise than signal.