{"id":74973,"date":"2026-06-23T10:02:44","date_gmt":"2026-06-23T10:02:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/06\/23\/dax-down-sharply-on-weak-pmi-data\/"},"modified":"2026-06-23T10:02:44","modified_gmt":"2026-06-23T10:02:44","slug":"dax-down-sharply-on-weak-pmi-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/06\/23\/dax-down-sharply-on-weak-pmi-data\/","title":{"rendered":"DAX Down Sharply On Weak PMI Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Germany&#8217;s equity benchmark DAX tumbled on Tuesday, led by those from the tech sector following a strong bout of profit taking in the sector on Wall Street on Monday.<\/p>\n<p>Weak German Services PMI data, and uncertainty about US-Israel peace pact amid conflicting reports over Iran nuclear monitoring weighed on sentiment.<\/p>\n<p>The DAX was down 325.59 points or 1.3% at 24,814.10 a few minutes ago.<\/p>\n<p class=\"fade-paragraph\">Siemens Energy fell 5.5%. Shares of global infrastructure solutions provider Hochtief dropped 5.2%. Infineon Technologies drifted lower by about 5.1%.<\/p>\n<div class=\"paywall-wrapper\">\n<p><i class=\"bi bi-lock-fill\"\/> Subscribe to continue reading the article.<\/p>\n<p>This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.<\/p>\n<p>Start Free Trial<\/p>\n<p>FREE 7-Day Trial &#8211; No Payment Required<\/p>\n<\/div>\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 Down Sharply On Weak PMI Data<\/a><br \/>\n<br \/>2026-06-23 10:02:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s equity benchmark DAX tumbled on Tuesday, led by those from the tech sector following a strong bout of profit taking in the sector on Wall Street on Monday. Weak&#8230;<\/p>\n","protected":false},"author":2,"featured_media":74974,"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-74973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/74973","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=74973"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/74973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/74974"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=74973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=74973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=74973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}