{"id":15633,"date":"2021-11-01T09:06:36","date_gmt":"2021-11-01T09:06:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/01\/dax-rises-on-economic-optimism-4\/"},"modified":"2021-11-01T09:06:36","modified_gmt":"2021-11-01T09:06:36","slug":"dax-rises-on-economic-optimism-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/01\/dax-rises-on-economic-optimism-4\/","title":{"rendered":"DAX Rises On Economic Optimism"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Monday even as inflation emerged as a threat to the economic recovery. <\/p>\n<p>Dismissing recent moves in the bond market, U.S. Treasury Secretary Janet Yellen expressed confidence in the continuing recovery from the Covid-19 pandemic.<\/p>\n<p>The infrastructure and social services spending plans the White House is pushing Congress to enact will not fuel inflation in the United States, Treasury Secretary Janet Yellen said Friday.<\/p>\n<p>Traders look ahead to this week&#8217;s Federal Reserve meeting for clues on stimulus tapering.<\/p>\n<p>Closer home, investors shrugged off data showing that Germany&#8217;s retail sales declined unexpectedly in September.<\/p>\n<p>Germany&#8217;s retail turnover decreased 2.5 percent month-on-month in September, reversing a 1.2 percent rise in August, Destatis reported. Economists had forecast a monthly growth of 0.6 percent.<\/p>\n<p>On a yearly basis, retail sales declined 0.7 percent, in contrast to the 0.9 percent increase in the previous month. Sales were forecast to advance 1.8 percent.<\/p>\n<p>The benchmark DAX climbed 120 points, or 0.8 percent, to 15,808 after finishing marginally lower on Friday.<\/p>\n<p>Volkswagen rose about 1 percent amid reports that Skoda Auto is resuming production following a two-week outage caused by a shortage of semiconductor chips. <\/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 On Economic Optimism<\/a><br \/>\n<br \/>2021-11-01 09:06:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Monday even as inflation emerged as a threat to the economic recovery. Dismissing recent moves in the bond market, U.S. Treasury Secretary Janet Yellen expressed confidence&#8230;<\/p>\n","protected":false},"author":2,"featured_media":15634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-15633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15633","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=15633"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/15633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/15634"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=15633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=15633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=15633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}