{"id":25350,"date":"2022-08-31T10:08:35","date_gmt":"2022-08-31T10:08:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/08\/31\/dax-drops-amidst-record-high-inflation\/"},"modified":"2022-08-31T10:08:35","modified_gmt":"2022-08-31T10:08:35","slug":"dax-drops-amidst-record-high-inflation","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/08\/31\/dax-drops-amidst-record-high-inflation\/","title":{"rendered":"DAX Drops Amidst Record-high Inflation"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The German stock market benchmark DAX dropped more than 1 percent amidst heightened anxiety over a likely big hike that the ECB could deliver to combat record-high inflation. <\/p>\n<p>Annual inflation rate in the Euro Area increased to a new record high of 9.1 percent in August, versus 8.9 percent in July, and market expectations of 9 percent.  <\/p>\n<p>Also, as expected, the seasonally adjusted unemployment rate in Germany increased to 5.5 percent in August, versus 5.4 percent in July.<\/p>\n<p>The forty-scrip DAX index is currently trading at 12,825.61, down 1.05 percent on an overnight basis. The day&#8217;s trading has been within the range of 12,815.96 and 13,031.09.<\/p>\n<p>Deutsche Bank and SAP are the top gainers with an uptick of more than 1 percent. Infineon Technologies has gained 0.90 percent.<\/p>\n<p>Airbus is the biggest loser, having declined more than 3 percent. MTU Aero Engines and Porsche Automobil Holding have both declined more than 2 percent. <\/p>\n<p>Allianz is the is the most active scrip with a turnover of 0.7 million euros. The stock has lost more than 1 percent on Wednesday. <\/p>\n<p>The EUR\/USD pair is at 0.9982 shedding 0.30 percent overnight amidst the US Dollar Index strengthening 0.32 percent to 109.12. <\/p>\n<p>The ten-year bond yield has increased 4.21 percent to 1.5705 percent versus 1.5070 percent on Tuesday. <\/p>\n<\/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 Drops Amidst Record-high Inflation<\/a><br \/>\n<br \/>2022-08-31 10:08:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German stock market benchmark DAX dropped more than 1 percent amidst heightened anxiety over a likely big hike that the ECB could deliver to combat record-high inflation. Annual inflation&#8230;<\/p>\n","protected":false},"author":2,"featured_media":25351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-25350","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25350","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=25350"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/25350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/25351"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=25350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=25350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=25350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}