{"id":57633,"date":"2025-03-20T10:08:52","date_gmt":"2025-03-20T10:08:52","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/20\/dax-tumbles-more-than-1\/"},"modified":"2025-03-20T10:08:52","modified_gmt":"2025-03-20T10:08:52","slug":"dax-tumbles-more-than-1","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/20\/dax-tumbles-more-than-1\/","title":{"rendered":"DAX Tumbles More Than 1%"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks are sliding down south on Thursday with investors choosing to take profits at several counters after recent gains. The reform plan and the passage of a bill that paves way for the creation of a massive fund for infrastructure and climate spending had pushed up stock prices earlier in the week.<\/p>\n<p>The Federal Reserve held its rate on Wednesday, and the Swiss National Bank lowered its interest rate earlier today. The focus now is on the Bank of England&#8217;s monetary policy announcement.<\/p>\n<p>The benchmark DAX was down 267.44 points or 1.15% at 23,034.20 a little while ago.<\/p>\n<p>Commerzbank is down more than 5.5%. Daimler Truck Holding is declining 3.7%. BASF, Siemens Energy, Brenntag, Rheinmetall, BMW and Heidelberg Materials are down 2 to 3%. <\/p>\n<p>RWE is down 2.7% after reporting adjusted net income of 2.32 billion euros or 3.12 euros per share for fiscal year 2024, compared to 4.10 billion euros or 5.51 per share a year ago.<\/p>\n<p>Deutsche Boerse, Mercedes-Benz, Porsche, Infineon, Continental, MTU Aero Engines, Volkswagen, Bayer, Adidas, Munich RE and Deutsche Post are down 1 to 2%.<\/p>\n<p>Data from Destatis showed producer prices in Germany increased by 0.7% year-on-year in February, accelerating from January&#8217;s 0.5% but falling short of the market consensus of 1%. Still, it marked the fourth consecutive month of producer inflation.<\/p>\n<p>On a monthly basis, the PPI unexpectedly fell by 0.2%, marking the third straight month of decline, following a 0.1% drop in January and missing consensus expectations of a 0.1% rise. <\/p>\n<\/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 Tumbles More Than 1%<\/a><br \/>\n<br \/>2025-03-20 10:08:52<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks are sliding down south on Thursday with investors choosing to take profits at several counters after recent gains. The reform plan and the passage of a bill that&#8230;<\/p>\n","protected":false},"author":2,"featured_media":57634,"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-57633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57633","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=57633"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/57633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/57634"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=57633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=57633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=57633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}