{"id":68766,"date":"2026-01-16T10:34:25","date_gmt":"2026-01-16T10:34:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/01\/16\/dax-slips-on-profit-taking-kloeckner-soars\/"},"modified":"2026-01-16T10:34:25","modified_gmt":"2026-01-16T10:34:25","slug":"dax-slips-on-profit-taking-kloeckner-soars","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/01\/16\/dax-slips-on-profit-taking-kloeckner-soars\/","title":{"rendered":"DAX Slips On Profit Taking; Kloeckner Soars"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite data showing a drop in the nation&#8217;s inflation in the month of December, German stocks showed weakness Friday morning as investors chose to take some profits, cashing in recent gains. <\/p>\n<p>Geopolitical concerns weighed as Greenland worries returned to the fore, with media reports suggesting that European troops are landing in the country to defend it against real U.S. military threat.<\/p>\n<p>The deployment of troops from several European countries and other North Atlantic Treaty Organization (NATO) allies was announced after high-level negotiations between Denmark and U.S. officials ended in stalemate on Thursday.<\/p>\n<p>The benchmark DAX was down 47.47 points or 0.19% at 25,327.04 about half an hour before noon.<\/p>\n<p>Brenntag and BASF dropped by 2.4% and 2.3%, respectively. Volkswagen, Mercedes-Benz, BMW, SAP, Porsche Automobil Holding and Heidelberg Materials lost 1 to 1.6%.<\/p>\n<p>Daimler Truck Holding declined after reporting a drop in 2025 sales. Continental, Siemens, Zalando, Bayer, Adidas and Symrise also drifted lower.<\/p>\n<p>Siemens Energy climbed 3.25%. Fresenius moved up nearly 2% and Fresenius Medical Care gained 1.1%. Qiagen, Commerzbank, RWE, Merck and Rheinmetall posted moderate gains.<\/p>\n<p>Kloeckner &amp; Co shares soared 28% after Worthington Steel announced that it would buy the German stee processor in a deal valued at $2.4 billion.<\/p>\n<p>Data from Destatis showed the harmonized index of consumer prices rose 2% on a yearly basis in December, following a 2.6% gain in the previous month. <\/p>\n<p>Likewise, consumer price inflation weakened to 1.8% from 2.3% in each of the previous two months. The latest inflation rate was the slowest since September 2024 and also matched the provisional estimate.<\/p>\n<p>On a monthly basis, the HICP climbed 0.2% and the CPI remained flat in December. Both rates were in line with the initial estimates.<\/p>\n<p>In 2025, CPI inflation averaged 2.2%, the same rate as seen in 2024 and weaker than the 5.9% posted in 2023.<\/p>\n<p>Core inflation softened to 2.8% in 2025 from 3% in 2024. <\/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 Slips On Profit Taking; Kloeckner Soars<\/a><br \/>\n<br \/>2026-01-16 10:34:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite data showing a drop in the nation&#8217;s inflation in the month of December, German stocks showed weakness Friday morning as investors chose to take some profits, cashing in recent&#8230;<\/p>\n","protected":false},"author":2,"featured_media":68767,"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-68766","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68766","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=68766"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/68766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/68767"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=68766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=68766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=68766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}