German shares moved higher on Monday on speculation that the Fed will ease its monetary policy. However, dismal Ifo Business Climate Index data capped the upswing of the German equities. Meanwhile, market participants are cautious ahead of annual economic symposium in Jackson Hole due in later in the week. The German DAX Index edged up by 0.26% to trade at 6,989.12 at the time of writing. Seven out of nine sectors included in the index advanced. Financials and technology stocks were the top-gainers, with Commerzbank, Deutsche Bank and SAP jumping by 1.57%, 3.25% and 0.25%, respectively. On the downside were health care and utilities. Fresenius Medical Care and Fresenius SE & Co slid 0.60% and 0.14% while E.ON dropped by 0.39%.