German DAX 30 index traded lower on Monday amid fresh worries over Greek debt swap talks. German benchmark declined 0.5% at 3,730.70, weighted down by financials as Deutsche Bank AG dropped 2.2% and Commerzbank AG edged down 1.2%. Losses were partly offset by utilities firm RWE AG which jumped 2.1% after HSBC upgraded the its shares to neutral, predicting future gains from a low carbon price. RWE AG also plans to eliminate 3500 jobs. At the moment of writing DAX 30 is 0.32% or 21.44 points lower at 6,745.23.