DAX Notably Lower As Inflation Concerns Weigh

(RTTNews) - German stocks drifted lower on Friday amid concerns about inflation after a survey by the European Central Bank showed Euro Zone consumers nudged up their inflation expectations last month. The ECB survey showed median expectations for inflation over the next twelve months increased to 3% from 2.9% in July. Earlier in the day, the Bank of Japan raised its key interest rate by 25 basis points and warned that underlying inflation could exceed its 2 percent target amid rising wage and price expectations. Investors now await next week's meeting between U.S. President Donald Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly. The benchmark DAX was down 207.98 points or 0.81% at 25,525.28 a little while ago.