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German stocks fell notably on Friday as signs of deepening Sino-U.S. trade tensions along with uncertainty over U.S. President Joe Biden’s path to victory in the presidential race sapped investors’ appetite for risk. <\/p>\n
A lack of Chinese stimulus measures to revive growth and a widespread Microsoft outage that hit services from airlines, banks and financial services also weighed on markets<\/span>. <\/p>\n Meanwhile, Germany’s producer prices declined at the slowest pace in the current sequence of falls, which began in July last year, data published by Destatis showed.<\/p>\n Producer prices registered an annual decrease of 1.6 percent in June after declining 2.2 percent in May. Prices have been falling since July 2023.<\/p>\n The overall decline in June was largely due to lower energy prices, which were 5.9 percent cheaper compared to last year. <\/p>\n Lower natural gas and electricity prices had the biggest influence on energy prices.<\/p>\n The benchmark DAX was down 0.8 percent at 18,211 after losing half a percent the previous day.<\/p>\n Sartorius shares plunged 14.5 percent after the pharmaceutical equipment supplier cut its full-year guidance. <\/p>\n<\/p>\n<\/div><\/div>\n