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DAX fell in cautious trade ahead of Central Bank meetings

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German stocks were little changed in cautious trade on Monday as investors digested weak Chinese data and looked to key interest rate decisions from the Federal Reserve and the Bank of England this week for clues.

The U.S. Federal Reserve is expected to reduce the pace of aggressive rate hikes after raising rates by 75 points at the conclusion of a two-day policy meeting on Wednesday.

The Bank of England may also raise rates by 75 basis points on Thursday in a show of aggression towards inflation.

The benchmark DAX fell 14 points, or 0.1 percent, to 13,229 after rising 0.2 percent on Friday.

Shares of Fresenius Medical Care rose 5.3 percent despite the healthcare company cutting its FY22 profit forecast.

The company said it expects net income attributable to the company’s shareholders to decline in the low-teens to mid-twenties percentage range in 2022.

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