{"id":44894,"date":"2024-03-15T08:53:22","date_gmt":"2024-03-15T08:53:22","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/03\/15\/dax-struggles-for-direction-ahead-of-fomc-meeting-next-week\/"},"modified":"2024-03-15T08:53:22","modified_gmt":"2024-03-15T08:53:22","slug":"dax-struggles-for-direction-ahead-of-fomc-meeting-next-week","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/03\/15\/dax-struggles-for-direction-ahead-of-fomc-meeting-next-week\/","title":{"rendered":"DAX Struggles For Direction Ahead Of FOMC Meeting Next Week"},"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 struggled for direction on Friday after February producer price inflation data from the U.S. flagged concerns of sticky inflation. <\/p>\n<p>As hopes for an early Fed rate cut fade, investors awaited additional cues from a Federal Reserve policy meeting next week. <\/p>\n<p>The benchmark DAX was marginally higher at 17,942 in lackluster trade after declining 0.1 percent in the previous session.<\/p>\n<p>Vonovia SE shares slumped nearly 6 percent after the real estate service firm reported its biggest loss ever for 2023.<\/p>\n<p>Likewise, property company Deutsche Wohnen dropped 1 percent after publishing preliminary results for FY23.<\/p>\n<p>Steel major Salzgitter AG was marginally higher despite posting a plunge in net profit for the full year, mainly due weak economic conditions and lower steel prices. <\/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 Struggles For Direction Ahead Of FOMC Meeting Next Week<\/a><br \/>\n<br \/>2024-03-15 08:53:22<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks struggled for direction on Friday after February producer price inflation data from the U.S. flagged concerns of sticky inflation. As hopes for an early Fed rate cut fade,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":44895,"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-44894","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44894","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=44894"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/44894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/44895"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=44894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=44894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=44894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}