{"id":16153,"date":"2021-11-16T09:06:45","date_gmt":"2021-11-16T09:06:45","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/11\/16\/dax-holds-steady-on-dovish-ecb\/"},"modified":"2021-11-16T09:06:45","modified_gmt":"2021-11-16T09:06:45","slug":"dax-holds-steady-on-dovish-ecb","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/11\/16\/dax-holds-steady-on-dovish-ecb\/","title":{"rendered":"DAX Holds Steady On Dovish ECB"},"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 were steady on Tuesday, with signs of easing U.S.-China tensions and dovish comments from the European Central Bank chief helping underpin investor sentiment. <\/p>\n<p>A key virtual summit between U.S. President Joe Biden and Chinese leader Xi Jinping saw both sides signaling a stabilization in the fraught relationship.<\/p>\n<p>The euro was huddled at a 16-month low after European Central Bank President Christine Lagarde doubled down on her assessment that euro-area inflation will ease and conditions for a rate hike in 2022 are &#8220;very unlikely&#8221; to be met.<\/p>\n<p>The benchmark DAX was up 24 points, or 0.2 percent, at 16,173 after closing 0.3 percent higher in the previous session. <\/p>\n<p>Automakers BMW, Daimler and Volkswagen rose about 1 percent each while banks Commerzbank and Deutsche Bank were little changed. <\/p>\n<p>Nordex Group shares fell 1.4 percent. The company said it has received an order from Enerjisa \u00dcretim -independent power plant operator in Turkey &#8211; to supply and install twelve N163\/5.X turbines for the 68.4 MW Erciyes wind farm. <\/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 Holds Steady On Dovish ECB<\/a><br \/>\n<br \/>2021-11-16 09:06:45<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were steady on Tuesday, with signs of easing U.S.-China tensions and dovish comments from the European Central Bank chief helping underpin investor sentiment. A key virtual summit between&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16154,"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-16153","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16153","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=16153"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/16153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/16154"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=16153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=16153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=16153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}