German stocks dip slightly as investors approach Christmas break cautiously, DAX index falls 0.3%

From Nasdaq.: 2024-12-23 03:49:07

German stocks dipped slightly on Monday as investors tread cautiously ahead of the Christmas holiday. Import prices in Germany rose for the first time in three months in November, with a 0.6% annual increase and a 0.9% month-on-month growth. Export price inflation also accelerated to 1.2% annually. The DAX index dropped 0.3% to 19,831 points, with Knorr-Bremse AG shares falling over 1% after selling its U.S. subsidiary Sheppard. The company aims to focus on braking technologies and operational growth.

Overall, the German stock market showed a slight decline, with import prices increasing for the first time in three months. Export price inflation also rose, while the DAX index fell 0.3% to 19,831 points. Knorr-Bremse AG shares dropped over 1% after selling its U.S. subsidiary Sheppard to streamline its focus on braking technologies.



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