{"id":15476,"date":"2021-10-27T09:04:44","date_gmt":"2021-10-27T09:04:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/10\/27\/dax-dips-on-growth-worries\/"},"modified":"2021-10-27T09:04:44","modified_gmt":"2021-10-27T09:04:44","slug":"dax-dips-on-growth-worries","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/10\/27\/dax-dips-on-growth-worries\/","title":{"rendered":"DAX Dips On Growth Worries"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks declined on Wednesday, a day after the government downgraded its growth outlook, citing unexpected supply-china bottlenecks and higher energy costs. <\/p>\n<p>Meanwhile, German consumer confidence is set to improve in November on increasing propensity to consume, survey results from the market research group Gfk showed earlier today. <\/p>\n<p>The forward-looking consumer confidence index rose to 0.9 in November from revised 0.4 in October. Economists had forecast the index to fall to -0.5.<\/p>\n<p>With this second rise in a row, consumer sentiment is defying rising inflation, Rolf B\u00fcrkl, GfK consumer expert, said.<\/p>\n<p>The benchmark DAX dropped 51 points, or 0.3 percent, to 15,705 after rallying 1 percent the previous day. <\/p>\n<p>Design company Puma advanced 1.7 percent after raising its sales and profit forecasts for the year.<\/p>\n<p>Chemicals company BASF dropped 1 percent despite increasing its 2021 earnings guidance for the third time. <\/p>\n<p>Lender Deutsche Bank slumped 5 percent after core bank profit before tax declined slightly in its third quarter. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/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 Growth Worries<\/a><br \/>\n<br \/>2021-10-27 09:04:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks declined on Wednesday, a day after the government downgraded its growth outlook, citing unexpected supply-china bottlenecks and higher energy costs. Meanwhile, German consumer confidence is set to improve&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-15476","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15476","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=15476"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15477"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}