{"id":11875,"date":"2021-07-15T09:09:10","date_gmt":"2021-07-15T09:09:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/15\/dax-drops-as-siemens-energy-lowers-outlook\/"},"modified":"2021-07-15T09:09:10","modified_gmt":"2021-07-15T09:09:10","slug":"dax-drops-as-siemens-energy-lowers-outlook","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/15\/dax-drops-as-siemens-energy-lowers-outlook\/","title":{"rendered":"DAX Drops As Siemens Energy Lowers Outlook"},"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 Thursday as investors reacted to signs of slowing growth in China and Siemens Energy&#8217;s downbeat margin outlook.<\/p>\n<p>China&#8217;s gross domestic product rose 7.9 percent year-on-year in the second quarter, official data showed. That was slightly lower than forecasts. The GDP print beat forecasts on a quarterly basis. <\/p>\n<p>The benchmark DAX dropped 93 points, or 0.6 percent, to 15,696 after finishing marginally lower the previous day. <\/p>\n<p>Energy group Siemens Energy plunged 9 percent after the company said it expects to miss its margin guidance for the full fiscal year. <\/p>\n<p>Its Spanish subsidiary Siemens Gamesa Renewable Energy said it expects a fiscal 2021 loss due to a sharp increase in raw material prices. <\/p>\n<p>Medical and safety <span class=\"landLinks\">technology<\/span> provider Draegerwerk AG slumped 5.4 percent after its second-quarter preliminary EBIT declined to 80 million euros from last year&#8217;s 102 million euros, due to the lower gross margin and higher functional expenses. <\/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 Drops As Siemens Energy Lowers Outlook<\/a><br \/>\n<br \/>2021-07-15 09:09:10<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks declined on Thursday as investors reacted to signs of slowing growth in China and Siemens Energy&#8217;s downbeat margin outlook. China&#8217;s gross domestic product rose 7.9 percent year-on-year in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11876,"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-11875","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11875","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=11875"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11875\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11876"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}