{"id":14489,"date":"2021-09-29T09:15:59","date_gmt":"2021-09-29T09:15:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/29\/dax-rebounds-after-heavy-selloff\/"},"modified":"2021-09-29T09:15:59","modified_gmt":"2021-09-29T09:15:59","slug":"dax-rebounds-after-heavy-selloff","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/29\/dax-rebounds-after-heavy-selloff\/","title":{"rendered":"DAX Rebounds After Heavy Selloff"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks rebounded on Wednesday after suffering heaving losses the previous day on concerns over rising bond yields, political uncertainty in Germany and signs of slowing growth in China. <\/p>\n<p>Earlier in the day, data published by Destatis revealed that Germany&#8217;s import price inflation accelerated to the highest since 1981 due to higher energy prices.<\/p>\n<p>Import prices grew 16.5 percent on a yearly basis in August, after rising 15 percent in July. Economists had forecast an annual growth of 16.1 percent.<\/p>\n<p>This was the highest annual rate seen since September 1981, when prices were up 17.4 percent.<\/p>\n<p>The benchmark DAX climbed 127 points, or 0.8 percent, to 15,375 after losing 2.1 percent the previous day. <\/p>\n<p>Banks Commerzbank and Deutsche Bank were seeing modest gains while automakers BMW, Daimler and Volkswagen rose about 2 percent each. <\/p>\n<p>GEA Group shares rallied 2.7 percent after the food industry system supplier presented its &#8220;Mission 26&#8221; strategy in London as part of its Capital Markets Day. <\/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 After Heavy Selloff<\/a><br \/>\n<br \/>2021-09-29 09:15:59<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rebounded on Wednesday after suffering heaving losses the previous day on concerns over rising bond yields, political uncertainty in Germany and signs of slowing growth in China. Earlier&#8230;<\/p>\n","protected":false},"author":2,"featured_media":14490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-14489","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14489","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=14489"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/14489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/14490"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=14489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=14489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=14489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}