{"id":13658,"date":"2021-09-06T09:05:35","date_gmt":"2021-09-06T09:05:35","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/06\/dax-rises-as-factory-orders-unexpectedly-rise\/"},"modified":"2021-09-06T09:05:35","modified_gmt":"2021-09-06T09:05:35","slug":"dax-rises-as-factory-orders-unexpectedly-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/06\/dax-rises-as-factory-orders-unexpectedly-rise\/","title":{"rendered":"DAX Rises As Factory Orders Unexpectedly Rise"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Monday after data showed factory orders in the country grew unexpectedly in July driven by foreign demand.<\/p>\n<p>Factory orders grew 3.4 percent on a monthly basis, Destatis said &#8211; confounding expectations for a decline of 1 percent. However, the pace of growth was weaker than June&#8217;s 4.6 percent. <\/p>\n<p>On a yearly basis, factory orders grew significantly by 24.4 percent in July, following a 26.5 percent increase in June.<\/p>\n<p>Meanwhile, Eurozone Sentix Investor Confidence dropped to a score of 19.6 in September from 22.2. That was slightly below expectations for a score of 19.7 and marked the lowest reading since April, 2021. <\/p>\n<p>The benchmark DAX jumped 97 points, or 0.6 percent, to 15,878 after closing 0.4 percent lower on Friday. <\/p>\n<p>Wind turbine maker Nordex gained 1.7 percent after it unveiled a new N163\/6MW-plus turbine for its product portfolio.<\/p>\n<p>The company said that compared with its sister model, the N163\/5.X, the new N163\/6.X is able to produce an up to 7 percent higher annual energy yield. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Rises As Factory Orders Unexpectedly Rise<\/a><br \/>\n<br \/>2021-09-06 09:05:35<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Monday after data showed factory orders in the country grew unexpectedly in July driven by foreign demand. Factory orders grew 3.4 percent on a monthly basis,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-13658","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13658","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=13658"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13659"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}