DAX Slides As Oil Prices And Bond Yields Jump
German stocks declined Wednesday morning, with the DAX slipping into negative territory despite data showing an expansion in industrial production. The decline was attributed to rising oil prices, influenced by further attacks in the Persian Gulf, and climbing bond yields.
BRUSSELS (dpa-AFX) - German stocks moved into negative territory Wednesday morning despite data showing an expansion in German industrial production, as oil prices and bond yields rose. Oil prices advanced after further attacks on vessels in the Persian Gulf region. Brent crude futures…