{"id":7978,"date":"2021-03-12T08:53:58","date_gmt":"2021-03-12T08:53:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/12\/dax-drifts-lower-as-yields-rise\/"},"modified":"2021-03-12T08:53:58","modified_gmt":"2021-03-12T08:53:58","slug":"dax-drifts-lower-as-yields-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/12\/dax-drifts-lower-as-yields-rise\/","title":{"rendered":"DAX Drifts Lower As Yields Rise"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks drifted lower on Friday as a fresh spike in U.S. Treasury yields sent ripples through <span class=\"landLinks\">markets<\/span>.<\/p>\n<p>The 10-year U.S. Treasury yield crept back above 1.6 percent after the release of better-than-expected jobless claims data. <\/p>\n<p>The focus now turns to U.S. producer-price data due out later in the day and the Federal Reserve decision next week. <\/p>\n<p>The benchmark DAX dropped 63 points, or 0.4 percent, to 14,506 after closing up 0.2 percent on Thursday. <\/p>\n<p>Deutsche Bank AG shares rose half a percent. The banking major disclosed in its annual report that total compensation awarded to its employees in 2020 was 10.1 billion euros, flat year-on-year. <\/p>\n<p>Broadcaster RTL Group gained about 1 percent after the company confirmed it was exploring the sale of its controlling stake in French broadcaster Groupe M6.<\/p>\n<p>In economic releases, German consumer price inflation accelerated in February as estimated initially, latest figures from Destatis showed.<\/p>\n<p>The consumer price index rose 1.3 percent year-on-year following a 1.0 percent increase in January, in line with the flash estimate. Prices rose for a second straight month.<\/p>\n<p>Compared to the previous month, the CPI climbed 0.7 percent in February after a 0.8 percent increase in January. That also matched the initial estimate. <\/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 Drifts Lower As Yields Rise<\/a><br \/>\n<br \/>2021-03-12 08:53:58<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks drifted lower on Friday as a fresh spike in U.S. Treasury yields sent ripples through markets. The 10-year U.S. Treasury yield crept back above 1.6 percent after the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-7978","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7978","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=7978"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7979"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}