13.06.2024 10:47:14 - dpa-AFX: DAX Slips Into Red On Fed's Hawkish Tone

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks declined on Thursday, a
day after the latest projections showed Fed officials expect only one interest
rate cut this year compared to the three forecast in March.

Meanwhile, Germany's wholesale prices continued to decline in May, albeit at a
slower pace, Destatis reported.

Wholesale prices registered an annual decline of 0.7 percent in May, which was
slower than the 1.8 percent decrease in April.

Wholesale prices have been falling since May 2023 and the latest decline was the
slowest in the current sequence of decrease.

On a monthly basis, wholesale price inflation softened to 0.1 percent from 0.4
percent in April. This was the third consecutive increase.

The benchmark DAX was down 133 points, or 0.7 percent, at 18,498 after climbing
1.4 percent in the previous session.

Bond yields across the euro zone rose, with the yield on the German 10-year bund
last trading at 2.551 percent.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.628,57 21.06.24 18:05:02 -42,77 -0,56% - - 7.653,14 7.628,57
FTSE 100 969378 Financial Times SE 8.237,72 21.06.24 17:35:29 -34,74 -0,42% - - 8.272,46 -
DAX ® 846900 Xetra 18.163,52 21.06.24 17:50:00 -90,66 -0,50% - - 18.254,57 18.163,52
E-STOXX 50 ® 965814 STOXX Ltd. 4.907,30 21.06.24 17:50:00 -40,43 -0,82% 0,000 - 4.945,02 4.907,30

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