{"id":46538,"date":"2024-04-30T08:57:48","date_gmt":"2024-04-30T08:57:48","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/04\/30\/dax-dips-ahead-of-key-inflation-gdp-data\/"},"modified":"2024-04-30T08:57:48","modified_gmt":"2024-04-30T08:57:48","slug":"dax-dips-ahead-of-key-inflation-gdp-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/04\/30\/dax-dips-ahead-of-key-inflation-gdp-data\/","title":{"rendered":"DAX Dips Ahead Of Key Inflation, GDP Data"},"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 fell slightly on Tuesday ahead of key euro zone inflation and GDP data due later in the day. <\/p>\n<p>Meanwhile, the German <span class=\"landLinks\">economy<\/span> avoided recession in the first quarter, preliminary data from Destatis showed earlier today. <\/p>\n<p>Gross domestic product grew more-than-expected 0.2 percent sequentially in the first quarter, in contrast to the revised 0.5 percent decrease in the preceding period. GDP was expected to grow marginally by 0.1 percent.<\/p>\n<p>The benchmark DAX was down 69 points, or 0.4 percent, at 18,048 after declining 0.2 percent in the previous session. <\/p>\n<p>Vonovia surged 5.2 percent. The real estate group confirmed its full-year outlook despite a drop in earnings. <\/p>\n<p>Volkswagen dropped 2 percent. The automaker said its operating profit dropped by 20 percent in the first quarter of 2024 compared to the corresponding period last year.<\/p>\n<p>Mercedes-Benz tumbled 3.4 percent as the luxury carmaker reported a 30 percent annual fall in first-quarter earnings before interest and tax.<\/p>\n<p>Sportswear giant Adidas fell about 1 percent after backing its recently upgraded FY24 outlook. <\/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 Dips Ahead Of Key Inflation, GDP Data<\/a><br \/>\n<br \/>2024-04-30 08:57:48<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks fell slightly on Tuesday ahead of key euro zone inflation and GDP data due later in the day. Meanwhile, the German economy avoided recession in the first quarter,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46539,"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-46538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46538","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=46538"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46539"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}