{"id":12903,"date":"2021-08-13T09:00:39","date_gmt":"2021-08-13T09:00:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/08\/13\/dax-gains-on-economic-optimism-2\/"},"modified":"2021-08-13T09:00:39","modified_gmt":"2021-08-13T09:00:39","slug":"dax-gains-on-economic-optimism-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/08\/13\/dax-gains-on-economic-optimism-2\/","title":{"rendered":"DAX Gains On Economic Optimism"},"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 edged higher on Friday, with optimism over a strong earnings season and signs that U.S. inflation may have peaked helping underpin sentiment. <\/p>\n<p>Germany&#8217;s wholesale prices increased at the fastest pace since 1974, largely due the low base effect, data published by Destatis showed earlier today. <\/p>\n<p>Wholesale prices grew 11.3 percent on a yearly basis in July, following a 10.7 percent rise in June. Prices have been rising since February 2021.<\/p>\n<p>The latest rise was the biggest annual rate since October 1974, when prices were up 13.2 percent amid the first oil crisis.<\/p>\n<p>Month-on-month, wholesale price inflation eased to 1.1 percent in July from 1.5 percent in June.<\/p>\n<p>The benchmark DAX rose 44 points, or 0.3 percent, to 15,982 after climbing 0.7 percent in the previous session. <\/p>\n<p>Adidas rose more than 2 percent after it agreed to sell its underperforming Reebok <span class=\"landLinks\">business<\/span> to Authentic Brands Group Inc. for up to 2.1 billion euros ($2.5 billion).<\/p>\n<p>Zooplus jumped as much as 40 percent after U.S. private equity firm Hellman &amp; Friedman offered to buy the online retailer of pet supplies for around 3 billion euros ($3.5 billion).<\/p>\n<p>Deutsche EuroShop rallied 2.5 percent after the real estate investment company returned to profit in the second quarter. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Gains On Economic Optimism<\/a><br \/>\n<br \/>2021-08-13 09:00:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks edged higher on Friday, with optimism over a strong earnings season and signs that U.S. inflation may have peaked helping underpin sentiment. Germany&#8217;s wholesale prices increased at the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":12904,"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-12903","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12903","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=12903"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12903\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12904"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}