{"id":40493,"date":"2023-11-08T09:00:39","date_gmt":"2023-11-08T09:00:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/11\/08\/dax-slips-amid-earnings-deluge\/"},"modified":"2023-11-08T09:00:39","modified_gmt":"2023-11-08T09:00:39","slug":"dax-slips-amid-earnings-deluge","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/11\/08\/dax-slips-amid-earnings-deluge\/","title":{"rendered":"DAX Slips Amid Earnings Deluge"},"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 traded lower on Wednesday as investors reacted to a slew of earnings updates and looked ahead to Fed Chair Jerome Powell&#8217;s speech for direction. <\/p>\n<p>Meanwhile, Germany&#8217;s consumer price inflation slowed sharply in October to hit the lowest in more than two years, final data from Destatis showed.<\/p>\n<p>The consumer price index rose 3.8 percent year-on-year, following a 4.5 percent increase in the previous month. This was the lowest rate since August 2021 and matched the flash estimate published on October 30.<\/p>\n<p>The benchmark DAX was down 32 points, or 0.2 percent, at 15,121 after closing 0.1 percent higher on Tuesday. <\/p>\n<p>Continental AG rallied 2.2 percent after reporting higher earnings and slightly raising its outlook for the tires <span class=\"landLinks\">business<\/span>. <\/p>\n<p>DHL Group jumped 2.3 percent despite the logistics company posting a 32 percent drop in its third-quarter operating profit.<\/p>\n<p>Bayer was little changed after it slipped to a loss in Q3.<\/p>\n<p>Adidas dropped half a percent after reporting a decline in Q3 revenue. <\/p>\n<p>Commerzbank jumped nearly 6 percent after Q3 net profit more than tripled. <\/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 Slips Amid Earnings Deluge<\/a><br \/>\n<br \/>2023-11-08 09:00:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks traded lower on Wednesday as investors reacted to a slew of earnings updates and looked ahead to Fed Chair Jerome Powell&#8217;s speech for direction. Meanwhile, Germany&#8217;s consumer price&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40494,"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-40493","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40493","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=40493"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/40494"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=40493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=40493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=40493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}