{"id":10849,"date":"2021-06-16T08:54:40","date_gmt":"2021-06-16T08:54:40","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/16\/dax-dips-on-china-data\/"},"modified":"2021-06-16T08:54:40","modified_gmt":"2021-06-16T08:54:40","slug":"dax-dips-on-china-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/16\/dax-dips-on-china-data\/","title":{"rendered":"DAX Dips On China Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks edged lower on Wednesday after China&#8217;s industrial production and retail sales grew less than expected in May.<\/p>\n<p>China&#8217;s industrial production grew 8.8 percent on a yearly basis in May, weaker than the economists&#8217; forecast of 9 percent. Similarly, retail sales expanded 12.4 percent annually, which was slower than the expected increase of 13.6 percent.<\/p>\n<p>During January to May period, fixed asset investment increased 15.4 percent from the same period last year while economists had forecast investment to climb 16.9 percent.<\/p>\n<p>Investors await the outcome of the Federal Reserve&#8217;s two-day meeting later in the day for clues on inflation and stimulus outlook. <\/p>\n<p>The benchmark DAX dipped 46 points, or 0.3 percent, to 15,683 after rising 0.4 percent in the previous session. <\/p>\n<p>q.beyond AG, formerly known as QSC AG, was moving lower. The IT service provider said it is acquiring Augsburg-based modern workplace specialist datac Kommunikationssysteme GmbH.<\/p>\n<p>Bechtle AG rose half percent. The IT provider projected excellent outlook for the remainder of the year.<\/p>\n<p>Business software group SAP fell 1 percent after a disappointing profit forecast from U.S. software rival Oracle Corp.<\/p>\n<p>Banks Commerzbank and Deutsche Bank were down 1.5 percent and 0.8 percent, respectively. <\/p>\n<\/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 On China Data<\/a><br \/>\n<br \/>2021-06-16 08:54:40<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks edged lower on Wednesday after China&#8217;s industrial production and retail sales grew less than expected in May. China&#8217;s industrial production grew 8.8 percent on a yearly basis in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10850,"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-10849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10849","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=10849"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10850"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}