FX.co ★ DAX Dips On Weak China GDP Data

German equities saw a slight decline on Monday as underwhelming GDP data from China and concerns regarding the attempted assassination of former President Donald Trump influenced investor sentiment.

China's GDP grew by 4.7% year-over-year in the second quarter of 2024, according to the National Bureau of Statistics. This growth fell short of the anticipated 5.1% increase and was a decline from the previous quarter's 5.3% growth.

The DAX, Germany's benchmark index, dropped 38 points, or 0.2%, settling at 18,710, following a 1.1% rally on Friday.

BayWa AG, a provider of trading logistics and supplementary services, saw a significant decline of 29% after announcing it is seeking a restructuring opinion due to challenging financing conditions.

Medical software company CompuGroup Medical experienced an uptick, rising 1.3% after releasing its Q2 earnings report.

Shares of Nordex Group fell 26% after the company disclosed that it had secured 3,357 MW of orders in its Projects segment, excluding the service business, during the first half of 2024.