{"id":10804,"date":"2021-06-15T08:58:03","date_gmt":"2021-06-15T08:58:03","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/15\/dax-edges-higher-as-fed-meeting-gets-underway\/"},"modified":"2021-06-15T08:58:03","modified_gmt":"2021-06-15T08:58:03","slug":"dax-edges-higher-as-fed-meeting-gets-underway","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/15\/dax-edges-higher-as-fed-meeting-gets-underway\/","title":{"rendered":"DAX Edges Higher As Fed Meeting Gets Underway"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Tuesday, as investors awaited the outcome of a two-day policy meeting of the Federal Reserve starting today for cues on the central bank&#8217;s stance on a recent jump in inflation.<\/p>\n<p>Closer home, Germany&#8217;s harmonized inflation accelerated for a third month in a row to its highest level in nearly three years and remained above the European Central Bank&#8217;s target of &#8216;below, but close to 2 percent&#8217; in May, final data from Destatis confirmed.<\/p>\n<p>The harmonized index of consumer prices rose 2.4 percent year-on-year in May, which was faster than the 2.1 percent increase in April. The rate was the highest since October 2018, when it was 2.6 percent.<\/p>\n<p>The consumer price index rose 2.5 percent annually after a 2.0 percent increase in April. Headline inflation accelerated for a fifth month in a row and was the highest since September 2011.<\/p>\n<p>The benchmark DAX jumped 89 points, or 0.6 percent, to 15,762 after closing 0.1 percent lower the previous day. <\/p>\n<p>Lufthansa Group shares fell over 1 percent. The airline said it aims to achieve an Adjusted EBIT margin of at least 8 percent and an Adjusted ROCE, excluding cash of at least 10 percent in 2024. <\/p>\n<\/p>\n<\/div><\/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 As Fed Meeting Gets Underway<\/a><br \/>\n<br \/>2021-06-15 08:58:03<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Tuesday, as investors awaited the outcome of a two-day policy meeting of the Federal Reserve starting today for cues on the central bank&#8217;s stance on a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10804","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10804","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=10804"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10805"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}