{"id":25234,"date":"2022-08-26T08:50:45","date_gmt":"2022-08-26T08:50:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/26\/dax-gives-up-early-gains-2\/"},"modified":"2022-08-26T08:50:45","modified_gmt":"2022-08-26T08:50:45","slug":"dax-gives-up-early-gains-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/26\/dax-gives-up-early-gains-2\/","title":{"rendered":"DAX Gives Up Early Gains"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks gave up early gains to trade on a flat note Friday after a survey showed Germany&#8217;s consumer confidence declined further to a new record low in September.<\/p>\n<p>Market research group GfK&#8217;s forward-looking consumer sentiment index fell to -36.5 in September from -30.9 in August as households started to build reserves to meet future energy bills, thus dampening the propensity to buy. The reading was forecast to fall moderately to -31.8.<\/p>\n<p>Earlier Friday, German Economy Minister Robert Habeck said he&#8217;ll reassess the gas levy on consumers amid an outcry over corporate profits in the sector.<\/p>\n<p>Investors now await Fed Chair Jerome Powell&#8217;s widely-anticipated speech in the Jackson Hole Symposium later in the day for clues on the central bank&#8217;s tightening plan.<\/p>\n<p>The benchmark DAX was down 16 points, or 0.1 percent, at 13,255, reversing initial gains. <\/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 Gives Up Early Gains<\/a><br \/>\n<br \/>2022-08-26 08:50:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks gave up early gains to trade on a flat note Friday after a survey showed Germany&#8217;s consumer confidence declined further to a new record low in September. Market&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-25234","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25234","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=25234"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25235"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}