{"id":10974,"date":"2021-06-18T08:55:50","date_gmt":"2021-06-18T08:55:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/18\/dax-slides-as-banks-drag\/"},"modified":"2021-06-18T08:55:50","modified_gmt":"2021-06-18T08:55:50","slug":"dax-slides-as-banks-drag","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/18\/dax-slides-as-banks-drag\/","title":{"rendered":"DAX Slides As Banks Drag"},"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 declined on Friday as a hawkish shift from the Federal Reserve stoked uncertainty about stimulus outlook and raw material prices continued their weekly decline amid actions by China to crackdown on inflation. <\/p>\n<p>The benchmark DAX dropped 37 points, or 0.2 percent, to 15,690 after closing 0.1 percent higher the previous day. <\/p>\n<p>Banks fell, with Commerzbank and Deutsche Bank losing around 1 percent. <\/p>\n<p>Chemical distribution company Brenntag AG advanced 1.7 percent after raising its operating EBITDA forecast for the 2021 financial year.<\/p>\n<p>In economic releases, German producer prices increased to the highest level in twelve-and-a-half years in May, Destatis reported.<\/p>\n<p>Producer prices increased 7.2 percent year-on-year in May, faster than the 0.8 percent rise seen in April. Economists had forecast an annual growth of 6.4 percent.<\/p>\n<p>This was the biggest growth since October 2008, when prices rose strongly before the financial crisis. <\/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 Slides As Banks Drag<\/a><br \/>\n<br \/>2021-06-18 08:55:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks declined on Friday as a hawkish shift from the Federal Reserve stoked uncertainty about stimulus outlook and raw material prices continued their weekly decline amid actions by China&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10975,"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-10974","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10974","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=10974"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10975"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}