{"id":10719,"date":"2021-06-11T08:57:20","date_gmt":"2021-06-11T08:57:20","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/11\/dax-holds-steady-as-inflation-fears-ease\/"},"modified":"2021-06-11T08:57:20","modified_gmt":"2021-06-11T08:57:20","slug":"dax-holds-steady-as-inflation-fears-ease","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/11\/dax-holds-steady-as-inflation-fears-ease\/","title":{"rendered":"DAX Holds Steady As Inflation Fears Ease"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were flat to slightly higher on Friday as U.S. inflation fears receded and investors bet that any shift in ultra-accommodative policy is unlikely to happen soon.<\/p>\n<p>Overnight data showed that U.S. consumer prices rose 5 percent in May, the biggest annual since 2008 and more than economists had expected.<\/p>\n<p>But the data reinforced hopes that rising price pressures will be transitory and the central bank is unlikely to withdraw monetary support any time soon.<\/p>\n<p>Investors await the Federal Reserve&#8217;s monetary policy meeting next week for more clues about the state of the <span class=\"landLinks\">economy<\/span> and policy outlook.<\/p>\n<p>U.S. treasury yields fell, with the benchmark yield on 10-year note touching 1.43 percent after the release of U.S. inflation data. <\/p>\n<p>The benchmark DAX was up 8 points at 15,579 after closing 0.1 percent lower on Thursday.<\/p>\n<p>Banks were coming under selling pressure, with both Commerzbank and Deutsche Bank tumbling around 3 percent as Euro zone government bond yields fell after a dovish outcome to Thursday&#8217;s ECB meeting. <\/p>\n<p>After maintaining an elevated pace of pandemic emergency bond purchases (PEPP) for the third quarter, the European Central Bank said that inflation would remain below the central bank&#8217;s target of just under 2 percent through 2023. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Holds Steady As Inflation Fears Ease<\/a><br \/>\n<br \/>2021-06-11 08:57:20<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were flat to slightly higher on Friday as U.S. inflation fears receded and investors bet that any shift in ultra-accommodative policy is unlikely to happen soon. Overnight data&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10720,"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-10719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10719","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=10719"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10720"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}