{"id":10566,"date":"2021-06-07T09:01:00","date_gmt":"2021-06-07T09:01:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/07\/dax-slips-into-red-on-downbeat-data\/"},"modified":"2021-06-07T09:01:00","modified_gmt":"2021-06-07T09:01:00","slug":"dax-slips-into-red-on-downbeat-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/07\/dax-slips-into-red-on-downbeat-data\/","title":{"rendered":"DAX Slips Into Red On Downbeat Data"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks drifted lower on Monday as caution prevailed ahead of U.S. inflation data and a European Central Bank meeting due later in the week. <\/p>\n<p>Disappointing Chinese and German data also weighed on <span class=\"landLinks\">markets<\/span>. China&#8217;s imports and exports grew again in May, but both missed expectations, official data released earlier in the day showed.<\/p>\n<p>German factory orders dropped 0.2 percent month-on-month in April due to weak domestic demand, in contrast to the 3.9 percent increase seen in March and economists&#8217; forecast of +1.0 percent, data from Destatis revealed.<\/p>\n<p>The benchmark DAX dropped 25 points or 0.2 percent, to 15,667 after rising 0.4 percent higher on Friday. <\/p>\n<p>Automakers were broadly higher, with BMW climbing 0.8 percent and Daimler rising half a percent. <\/p>\n<p>Banks Commerzbank and Deutsch Bank were slightly lower as U.S. bond markets traded in a choppy range. German 10-year bond yields were up slightly ahead of the ECB meeting on Thursday. <\/p>\n<\/p>\n<\/div><\/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 Slips Into Red On Downbeat Data<\/a><br \/>\n<br \/>2021-06-07 09:01:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks drifted lower on Monday as caution prevailed ahead of U.S. inflation data and a European Central Bank meeting due later in the week. Disappointing Chinese and German data&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-10566","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10566","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=10566"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10567"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}