{"id":11135,"date":"2021-06-23T08:56:12","date_gmt":"2021-06-23T08:56:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/dax-dips-on-inflation-worries\/"},"modified":"2021-06-23T08:56:12","modified_gmt":"2021-06-23T08:56:12","slug":"dax-dips-on-inflation-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/23\/dax-dips-on-inflation-worries\/","title":{"rendered":"DAX Dips On Inflation Worries"},"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 moving lower on Wednesday as inflation worries overshadowed solid <span class=\"landLinks\">business<\/span> activity data as well as dovish commentary from Fed officials, including Chairman Jerome Powell. <\/p>\n<p>The benchmark DAX dropped 58 points, or 0.4 percent, to 15,577 after closing 0.2 percent higher the previous day. <\/p>\n<p>Chemical distribution company Brenntag AG was moving lower. The company has announced the acquisition of U.S.-based Storm Chaser Holding Corp., called as JM Swank, from Platinum Equity.<\/p>\n<p>In economic releases, Germany&#8217;s private sector grew at the fastest pace in more than a decade in June with the further easing of COVID-19 restrictions, flash survey results from IHS Markit showed earlier today. <\/p>\n<p>The flash composite output index climbed to a 123-month high of 60.4 from 56.2 in the previous month, reflecting improved performances across both monitored sectors. <\/p>\n<p>In services, business activity rose at the quickest for more than ten years. The corresponding Purchasing Managers&#8217; Index came in at 58.1, up from 52.8 a month ago.<\/p>\n<p>The manufacturing PMI rose moderately to 64.9 in June from 64.4 in the prior month. <\/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 Dips On Inflation Worries<\/a><br \/>\n<br \/>2021-06-23 08:56:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were moving lower on Wednesday as inflation worries overshadowed solid business activity data as well as dovish commentary from Fed officials, including Chairman Jerome Powell. The benchmark DAX&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11136,"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-11135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11135","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=11135"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11136"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}