{"id":13287,"date":"2021-08-25T10:34:27","date_gmt":"2021-08-25T10:34:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/25\/dax-dips-as-ifo-business-climate-indicator-drops-to-3-month-low\/"},"modified":"2021-08-25T10:34:27","modified_gmt":"2021-08-25T10:34:27","slug":"dax-dips-as-ifo-business-climate-indicator-drops-to-3-month-low","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/25\/dax-dips-as-ifo-business-climate-indicator-drops-to-3-month-low\/","title":{"rendered":"DAX Dips As Ifo Business Climate Indicator Drops To 3-month Low"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> The Frankfurt Bourse&#8217;s benchmark DAX-30 index has dropped from the previous day&#8217;s levels amidst data showing that the Ifo Business Climate indicator for August fell to a three-month low of 99.4, less than the market forecast of 100.4.  The fall in the <span class=\"landLinks\">business<\/span> sentiment from 101.8 in June and 100.7 in July is attributed to supply bottlenecks as well as rising coronavirus infections. <\/p>\n<p>The thirty-scrip index is currently trading at 15885.26 down 0.20 percent over Tuesday&#8217;s close.<\/p>\n<p>At current levels, the DAX is 0.89 percent lower than the 52-week high of 16028.60.<\/p>\n<p>Online food ordering service Delivery Hero is currently topping the charts with a 2 percent uptick. Siemens Energy has gained 1.9 percent whereas sports goods maker Adidas has advanced by 1.3 percent.<\/p>\n<p>Insurance and reinsurance player Munchener Ruck (Munich Re) is topping the laggards with a decline of 1.2 percent. Premium automaker BMW has corrected by 1 percent whereas chemicals company BASF is down by 0.8 percent.<\/p>\n<p>Deutsche Telekom is topping the volume charts with a turnover of 0.6 million euros.<\/p>\n<p>11 advances and 19 declines appear to indicate inherent weakness in the market sentiment after the release of the disappointing business sentiment gauge.<\/p>\n<p>The EURUSD pair is hovering around 1.1747 levels<\/p>\n<p>The GfK Consumer Climate Indicator for September is due on Thursday. <\/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 As Ifo Business Climate Indicator Drops To 3-month Low<\/a><br \/>\n<br \/>2021-08-25 10:34:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Frankfurt Bourse&#8217;s benchmark DAX-30 index has dropped from the previous day&#8217;s levels amidst data showing that the Ifo Business Climate indicator for August fell to a three-month low of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13288,"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-13287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13287","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=13287"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13288"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}