{"id":13820,"date":"2021-09-10T10:31:18","date_gmt":"2021-09-10T10:31:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/09\/10\/daxs-relief-rally-post-ecb-meet-asian-rebound\/"},"modified":"2021-09-10T10:31:18","modified_gmt":"2021-09-10T10:31:18","slug":"daxs-relief-rally-post-ecb-meet-asian-rebound","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/09\/10\/daxs-relief-rally-post-ecb-meet-asian-rebound\/","title":{"rendered":"DAX&#8217;s Relief Rally Post ECB Meet, Asian Rebound"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> The DAX-30 benchmark of the Frankfurt bourse has made a sharp rebound from Thursday&#8217;s close to trade close to half a percentage higher. The relief rally, post the ECB&#8217;s announcements regarding toning down of the bond buying programme was also exacerbated by the rebound in Asian stocks. <\/p>\n<p>Markets shrugged off August&#8217;s inflation reading of 3.9 percent, highest since December 1993, attributed to base effects and recovery in domestic demand.<\/p>\n<p>The thirty-scrip index is currently trading at 15676.11 up 0.50 percent over previous close.<\/p>\n<p>At current levels, the DAX is 2.20 percent lower than the 52-week high of 16028.60.<\/p>\n<p>Deutsche Bank is the lead scrip with a gain of 2.73 percent, closely followed by online delivery platform Delivery Hero with a gain of around 2.61 percent.<\/p>\n<p>Fresenius Medical Care has declined by 4.50 percent following a rating downgrade by JP Morgan. Deutsche Telekom which recently announced a share-swap deal with SoftBank group is declining by 2.40 percent.<\/p>\n<p>Deutsche Telekom is topping the volume charts with a turnover of 0.5 million euros.<\/p>\n<p>The 30-scrip index which is set to expand to 40 from September 20, is currently trading at an advance to decline ratio of 17:13.  <\/p>\n<p>The EURUSD pair is hovering around 1.1835 levels versus 1.1825 on previous day.<\/p>\n<p>The ten-year bund yield is at -0.34 percent versus -0.36 percent on previous day. <\/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&#8217;s Relief Rally Post ECB Meet, Asian Rebound<\/a><br \/>\n<br \/>2021-09-10 10:31:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DAX-30 benchmark of the Frankfurt bourse has made a sharp rebound from Thursday&#8217;s close to trade close to half a percentage higher. The relief rally, post the ECB&#8217;s announcements&#8230;<\/p>\n","protected":false},"author":2,"featured_media":13821,"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-13820","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13820","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=13820"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/13820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/13821"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=13820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=13820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=13820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}