{"id":11051,"date":"2021-06-21T09:01:18","date_gmt":"2021-06-21T09:01:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/21\/dax-rebounds-from-fridays-big-selloff\/"},"modified":"2021-06-21T09:01:18","modified_gmt":"2021-06-21T09:01:18","slug":"dax-rebounds-from-fridays-big-selloff","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/21\/dax-rebounds-from-fridays-big-selloff\/","title":{"rendered":"DAX Rebounds From Friday&#8217;s Big Selloff"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks bounced back from steep losses seen on Friday amid worries the Federal Reserve could allow inflation to spiral. <\/p>\n<p>Underlying sentiment, however, remained cautious after St. Louis Fed President James Bullard said that inflation risks may force the Fed to raise rates as early as next year.<\/p>\n<p>The rapid economic growth is bringing faster-than-expected inflation, which could warrant a liftoff in late 2022, Bullard said in an interview with CNBC on Friday.<\/p>\n<p>Investors look forward to Fed Chairman Jerome Powell&#8217;s testimony on Tuesday for more details on the central bank&#8217;s COVID-19 emergency lending and its asset purchase programs.<\/p>\n<p>Traders also await a speech by European Central Bank President Christine Lagarde to the European Parliament later in the day for further direction. <\/p>\n<p>The benchmark DAX inched up 37 points, or 0.2 percent, to 15,485 after declining 1.8 percent on Friday.<\/p>\n<p>Banks Commerzbank and Deutsche Bank fell about 1 percent amid big unwinds in the reflation trades.<\/p>\n<p>Automakers were broadly higher as the euro hovered near a 2 1\/2-month low against the dollar. <\/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 Rebounds From Friday&#8217;s Big Selloff<\/a><br \/>\n<br \/>2021-06-21 09:01:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks bounced back from steep losses seen on Friday amid worries the Federal Reserve could allow inflation to spiral. Underlying sentiment, however, remained cautious after St. Louis Fed President&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-11051","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11051","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=11051"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11052"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}