{"id":43089,"date":"2024-01-25T11:03:49","date_gmt":"2024-01-25T11:03:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/01\/25\/dax-drops-as-ecb-outcome-business-climate-decline-weigh\/"},"modified":"2024-01-25T11:03:49","modified_gmt":"2024-01-25T11:03:49","slug":"dax-drops-as-ecb-outcome-business-climate-decline-weigh","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/01\/25\/dax-drops-as-ecb-outcome-business-climate-decline-weigh\/","title":{"rendered":"DAX Drops As ECB Outcome, Business Climate Decline Weigh"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Germany&#8217;s DAX benchmark dropped from the record high recorded on Wednesday, amidst anxiety ahead of the European Central Bank&#8217;s monetary policy decision and the disappointment over the decline in the Business Climate Indicator readings. The ECB decision is due later in the day.<\/p>\n<p>Data released earlier in the day showed the Ifo Business Climate indicator dropping to 85.2 in January, versus a revised 86.3 in the previous month and missing the market consensus of 86.7. The reading is also the lowest since May 2020. <\/p>\n<p>The forty-scrip DAX index is currently trading at 16,824.34, having slipped 0.19 percent from Wednesday&#8217;s close of 16,856.85. The day&#8217;s trading ranged between a high of 16,866.49 and a low of 16,817.00. <\/p>\n<p>In the 40-scrip index, only 8 are currently trading in the overnight positive zone. <\/p>\n<p>Symrise, Fresenius and Zalando have gained more than 1 percent in the day&#8217;s trading. <\/p>\n<p>Vonovia tops losses with a decline of close to 2 percent. Infineon Technologies, Siemens Energy, adidas, Volkswagen, Hannover Ruck, Rheinmetall, Porsche, Continental, Merck, Brenntag, Mercedes Benz, Commerzbank, have all slipped more than a percent.  <\/p>\n<p>The EUR\/USD pair has added 0.09 percent to 1.0893. The Dollar Index meanwhile slipped 0.04 percent to trade at 103.19. <\/p>\n<p>Ahead of the ECB decision, German bond yields increased 0.79 percent. The same is at 2.3675 percent versus 2.3490 percent at the previous close. Yields have touched a 2-month high. <\/p>\n<\/p>\n<p>Business News<\/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 As ECB Outcome, Business Climate Decline Weigh<\/a><br \/>\n<br \/>2024-01-25 11:03:49<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s DAX benchmark dropped from the record high recorded on Wednesday, amidst anxiety ahead of the European Central Bank&#8217;s monetary policy decision and the disappointment over the decline in the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":43090,"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-43089","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43089","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=43089"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/43089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/43090"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=43089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=43089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=43089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}