{"id":34903,"date":"2023-05-31T08:51:09","date_gmt":"2023-05-31T08:51:09","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/05\/31\/dax-slips-ahead-of-consumer-inflation-data\/"},"modified":"2023-05-31T08:51:09","modified_gmt":"2023-05-31T08:51:09","slug":"dax-slips-ahead-of-consumer-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/05\/31\/dax-slips-ahead-of-consumer-inflation-data\/","title":{"rendered":"DAX Slips Ahead Of Consumer Inflation Data"},"content":{"rendered":"
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German stocks fell in cautious trade on Wednesday as caution prevailed ahead of a House of Representative’s vote on the U.S. debt ceiling deal later in the day. <\/p>\n

Meanwhile, Germany’s import prices declined at the fastest pace since 2009 due to a sharp fall in energy prices, Destatis reported earlier today. <\/p>\n

Import prices declined 7.0 percent on a yearly basis in April, following a 3.8 percent drop in March. This was the biggest decrease since October 2009. <\/p>\n

At the same time, export prices registered an annual increase of 1.1 percent but slower than the 2.3 percent rise in March.<\/p>\n

Destatis is slated to publish flash consumer price data later today. Consumer price inflation is expected to rise slightly to 7.3 percent in May from 7.2 percent in April.<\/p>\n

The benchmark DAX was down 45 points, or 0.3 percent, at 15,854 after declining 0.3 percent in the previous session. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div><\/div>\n