{"id":25287,"date":"2022-08-29T08:58:00","date_gmt":"2022-08-29T08:58:00","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/29\/dax-extends-losses-as-traders-boost-fed-ecb-bets\/"},"modified":"2022-08-29T08:58:00","modified_gmt":"2022-08-29T08:58:00","slug":"dax-extends-losses-as-traders-boost-fed-ecb-bets","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/29\/dax-extends-losses-as-traders-boost-fed-ecb-bets\/","title":{"rendered":"DAX Extends Losses As Traders Boost Fed, ECB Bets"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks fell sharply on Monday to extend losses from the previous session after the world&#8217;s top central bankers delivered a stern and unified message on the need to curb inflation in Jackson Hole this weekend. <\/p>\n<p>The U.S. two-year treasury yield hit its highest in 15 years as <span class=\"landLinks\">markets<\/span> priced in higher odds of a 75 bps Fed rate hike at the Sept. 20-21 policy meeting.<\/p>\n<p>The European Central bank raised rates by 50 basis points to zero last month and a similar or even bigger move is now expected on Sept 8 to preserve the efficiency of monetary policy. <\/p>\n<p>The benchmark DAX was down 185 points, or 1.4 percent, at 12,785 after declining 2.3 percent on Friday.<\/p>\n<p>Tech stocks were among the hardest hit, with Infineon Technologies tumbling 3.5 percent as German 10-year yield rose 10 basis points (bps) to a two-month high. <\/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 Extends Losses As Traders Boost Fed, ECB Bets<\/a><br \/>\n<br \/>2022-08-29 08:58:00<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks fell sharply on Monday to extend losses from the previous session after the world&#8217;s top central bankers delivered a stern and unified message on the need to curb&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-25287","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\/25287","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=25287"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25288"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}