{"id":17594,"date":"2022-01-17T09:03:36","date_gmt":"2022-01-17T09:03:36","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/01\/17\/dax-edges-higher-after-chinese-rate-cut\/"},"modified":"2022-01-17T09:03:36","modified_gmt":"2022-01-17T09:03:36","slug":"dax-edges-higher-after-chinese-rate-cut","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/01\/17\/dax-edges-higher-after-chinese-rate-cut\/","title":{"rendered":"DAX Edges Higher After Chinese Rate Cut"},"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 rose in cautious trade on Monday after news of a Chinese interest rate cut to support growth. <\/p>\n<p>The People&#8217;s Bank of China cut its one-year rate for the first time in nearly two years on the same day that fresh data showed the Chinese <span class=\"landLinks\">economy<\/span> slowed in the fourth quarter amid a spate of Covid-19-related lockdowns and a spreading crisis in the key real estate sector.<\/p>\n<p>The benchmark DAX was up 32 points, or 0.2 percent, at 15,915 after declining 0.9 percent on Friday. <\/p>\n<p>Banks Commerzbank and Deutsch Bank were up around 1 percent each while automakers BMW, Daimler and Volkswagen were seeing modest gains. <\/p>\n<p>Frankfurt Airport shares rose about 1 percent. Frankfurt Airport said it welcomed some 24.8 million passengers in 2021, a 32.2 percent increase from 2020. Compared with 2019 pre-crisis level, passenger volume for 2021 was down 64.8 percent. <\/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 Edges Higher After Chinese Rate Cut<\/a><br \/>\n<br \/>2022-01-17 09:03:36<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rose in cautious trade on Monday after news of a Chinese interest rate cut to support growth. The People&#8217;s Bank of China cut its one-year rate for the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":17595,"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-17594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17594","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=17594"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/17595"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=17594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=17594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=17594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}