{"id":22653,"date":"2022-06-10T08:41:18","date_gmt":"2022-06-10T08:41:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/06\/10\/dax-slips-ahead-of-us-inflation-data\/"},"modified":"2022-06-10T08:41:18","modified_gmt":"2022-06-10T08:41:18","slug":"dax-slips-ahead-of-us-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/06\/10\/dax-slips-ahead-of-us-inflation-data\/","title":{"rendered":"DAX Slips Ahead Of US Inflation Data"},"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 fell sharply on Friday, a day after the European Central Bank downgraded its growth forecasts and confirmed its intention to hike interest rates at the policy meeting next month.<\/p>\n<p>Also, concerns mounted about demand and growth in China after Shanghai and Beijing were placed on new COVID-19 alerts.<\/p>\n<p>The dollar edged lower and yields struggled as traders braced for key U.S. consumer inflation data due out later in the day that will guide the Federal Reserve&#8217;s policy tightening path.<\/p>\n<p>Economists see an annual inflation rate for May of 8.3 percent, unchanged from April.<\/p>\n<p>The benchmark DAX dropped 176 points, or 1.2 percent, to 14,023 after closing 1.7 percent lower in the previous session. <\/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 Slips Ahead Of US Inflation Data<\/a><br \/>\n<br \/>2022-06-10 08:41:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks fell sharply on Friday, a day after the European Central Bank downgraded its growth forecasts and confirmed its intention to hike interest rates at the policy meeting next&#8230;<\/p>\n","protected":false},"author":2,"featured_media":22654,"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-22653","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/22653","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=22653"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/22653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/22654"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=22653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=22653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=22653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}