{"id":11329,"date":"2021-06-29T08:55:55","date_gmt":"2021-06-29T08:55:55","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/29\/dax-rises-led-by-cyclicals\/"},"modified":"2021-06-29T08:55:55","modified_gmt":"2021-06-29T08:55:55","slug":"dax-rises-led-by-cyclicals","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/29\/dax-rises-led-by-cyclicals\/","title":{"rendered":"DAX Rises Led By Cyclicals"},"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 cyclicals gained ground on optimism around a steady economic recovery. A weaker euro also offered some support. <\/p>\n<p>The U.S. dollar rose against a basket of currencies as hawkish remarks from the U.S. Federal Reserve policy makers supported prospects of a tightening of monetary policy sooner rather later.<\/p>\n<p>Richmond Fed President Thomas Barkin said on Monday that the central bank has made &#8220;substantial further progress&#8221; toward its inflation goal so as to begin the withdrawal of stimulus.<\/p>\n<p>The benchmark DAX climbed 93 points, or 0.6 percent, to 15,647 after closing 0.3 percent lower in the previous session. <\/p>\n<p>Economically- sensitive stocks were gaining ground with lender Commerzbank rising 0.8 percent and Deutsche Bank climbing 1.8 percent. <\/p>\n<p>Automakers BMW, Daimler and Volkswagen rose between 0.4 percent and 0.8 percent, while industrial conglomerate Siemens AG rose about half a percent.<\/p>\n<p>Food and beverages company GEA Group AG gained 0.8 percent. The company has agreed to sell its refrigeration contracting operations in Spain and Italy to Clauger. <\/p>\n<p>Symrise AG, a major producer of flavors and fragrances, edged up slightly after it agreed to make a strategic investment in Swedencare, a provider of premium pet <span class=\"landLinks\">health<\/span> products. <\/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 Rises Led By Cyclicals<\/a><br \/>\n<br \/>2021-06-29 08:55:55<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Tuesday as cyclicals gained ground on optimism around a steady economic recovery. A weaker euro also offered some support. The U.S. dollar rose against a basket&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11330,"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-11329","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11329","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=11329"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11330"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}