{"id":10794,"date":"2021-06-14T09:05:26","date_gmt":"2021-06-14T09:05:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/14\/dax-edges-higher-on-recovery-hopes-2\/"},"modified":"2021-06-14T09:05:26","modified_gmt":"2021-06-14T09:05:26","slug":"dax-edges-higher-on-recovery-hopes-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/14\/dax-edges-higher-on-recovery-hopes-2\/","title":{"rendered":"DAX Edges Higher On Recovery Hopes"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks eked out modest gains on Monday amid hopes the post-pandemic recovery is gathering pace. <\/p>\n<p>Leaders of G7 nations vowed to continue their massive economic support programs &#8220;for as long as is necessary&#8221; in order to avoid the economic damage caused by an early withdrawal of stimulus.<\/p>\n<p>&#8220;We will continue to support our economies for as long as is necessary, shifting the focus of our support from crisis response to promoting growth into the future,&#8221; the G7 leaders said in a communique on Sunday.<\/p>\n<p>A two-day policy meeting of the Federal Reserve gets underway this week, with investors looking for hints of possible changes in ultra-low interest rates and economic stimulus. <\/p>\n<p>It is widely expected that the Fed will reiterate its commitment to ultra-loose policy despite rising inflation.<\/p>\n<p>The benchmark DAX hovered near a record high at 15,723, up 29 points, or 0.2 percent, from its previous close. <\/p>\n<p>Banks Commerzbank and Deutsche Bank were modestly lower. <\/p>\n<p>Automakers saw broad-based losses, with Volkswagen falling more than 1 percent. <\/p>\n<p>In economic releases, Eurozone industrial production data for April will be released later in the day. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Edges Higher On Recovery Hopes<\/a><br \/>\n<br \/>2021-06-14 09:05:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks eked out modest gains on Monday amid hopes the post-pandemic recovery is gathering pace. Leaders of G7 nations vowed to continue their massive economic support programs &#8220;for as&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-10794","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10794"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10794\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10795"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}