{"id":11918,"date":"2021-07-16T09:10:33","date_gmt":"2021-07-16T09:10:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/16\/dax-edges-higher-as-inflation-concerns-ease\/"},"modified":"2021-07-16T09:10:33","modified_gmt":"2021-07-16T09:10:33","slug":"dax-edges-higher-as-inflation-concerns-ease","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/16\/dax-edges-higher-as-inflation-concerns-ease\/","title":{"rendered":"DAX Edges Higher As Inflation Concerns Ease"},"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 Friday after U.S. Treasury Secretary Janet Yellen told CNBC that she expects prices ultimately will fall back to more normal levels after &#8220;several more months of rapid inflation.&#8221;<\/p>\n<p>She cited market-based inflation measures as proof that longer-term expectations remain in check.<\/p>\n<p>Fed Chair Jerome Powell also reiterated expectations for inflation pressures to fade in a hearing before the Senate Banking Committee on Thursday. <\/p>\n<p>The benchmark DAX rose 50 points, or 0.3 percent, to 15,680 after falling around 1 percent the previous day. <\/p>\n<p>Travel and leisure stocks gained ground, with airline Lufthansa climbing nearly 2 percent after U.S. President Joe Biden said the United States is reviewing when it can lift the COVID-related travel ban for European citizens. <\/p>\n<p>Sportswear company Puma lost 2 percent despite posting strong sales and lifting FY21 outlook. <\/p>\n<p>Automakers were broadly higher, with Volkswagen climbing 1.4 percent after industry data showed Europe&#8217;s passenger car registrations increased at a moderate pace in June.<\/p>\n<p>Car registrations increased 10.4 percent year-on-year in June, but slower than the 53.4 percent growth posted in May, the European Automobile Manufacturer&#8217;s Association said. <\/p>\n<p>Among the major EU car <span class=\"landLinks\">markets<\/span>, Germany posted the biggest gain with a 24.5 percent increase. <\/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 Inflation Concerns Ease<\/a><br \/>\n<br \/>2021-07-16 09:10:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Friday after U.S. Treasury Secretary Janet Yellen told CNBC that she expects prices ultimately will fall back to more normal levels after &#8220;several more months of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11919,"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-11918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11918","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=11918"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11919"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}