{"id":10220,"date":"2021-05-27T08:31:56","date_gmt":"2021-05-27T08:31:56","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/27\/dax-dips-as-yields-rise\/"},"modified":"2021-05-27T08:31:56","modified_gmt":"2021-05-27T08:31:56","slug":"dax-dips-as-yields-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/27\/dax-dips-as-yields-rise\/","title":{"rendered":"DAX Dips As Yields Rise"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks edged lower in cautious trade on Thursday as U.S. yields rebounded amid bets on higher rates. <\/p>\n<p>U.S. yields rose overnight, with the benchmark 10-year Treasury yield rising 1.7 basis points to 1.5808 percent ahead of jobs and GDP data due today and inflation on Friday. <\/p>\n<p>The downside remained capped after survey results from the market research group GfK showed German consumer confidence is set to improve in June.<\/p>\n<p>The forward-looking consumer confidence index rose to -7.0 in June from revised -8.6 in May. Nonetheless, the reading was weaker than the economists&#8217; forecast of -5.2.<\/p>\n<p>Rolf B\u00fcrkl, GfK consumer expert, said &#8220;We are leaving the third wave behind us more and more, the incidences have been falling significantly for several weeks.&#8221;<\/p>\n<p>&#8220;We are also making great strides in vaccination. As a result, openings and a departure from strict lockdown are possible,&#8221; B\u00fcrkl added.<\/p>\n<p>The benchmark DAX dropped 37 points, or 0.2 percent, to 15,412 after ending 0.1 percent lower the previous day. <\/p>\n<p>Bayer shares slumped 4.3 percent. A federal judge rejected the company&#8217;s $2 billion Roundup settlement, saying in an order it would not adequately address the concerns of families who may later be diagnosed with non-Hodgkin&#8217;s lymphoma. <\/p>\n<p>Sportswear firm Puma gave up 2.2 percent after France&#8217;s Kering said it is selling a 5.9 percent in the company. <\/p>\n<p>Home improvement superstore operator Hornbach Group fell over 5 percent after saying it expects adjusted EBIT to fall short of the prior year level in fiscal 2022. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Dips As Yields Rise<\/a><br \/>\n<br \/>2021-05-27 08:31:56<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks edged lower in cautious trade on Thursday as U.S. yields rebounded amid bets on higher rates. U.S. yields rose overnight, with the benchmark 10-year Treasury yield rising 1.7&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10220","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10220"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10221"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}