{"id":17713,"date":"2022-01-20T08:58:12","date_gmt":"2022-01-20T08:58:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/01\/20\/dax-holds-steady-as-producer-prices-register-record-jump\/"},"modified":"2022-01-20T08:58:12","modified_gmt":"2022-01-20T08:58:12","slug":"dax-holds-steady-as-producer-prices-register-record-jump","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/01\/20\/dax-holds-steady-as-producer-prices-register-record-jump\/","title":{"rendered":"DAX Holds Steady As Producer Prices Register Record Jump"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks held steady on Thursday, as earnings optimism outweighed lingering worries over inflation and higher interest rates. <\/p>\n<p>Germany&#8217;s producer prices grew at the strongest pace since the series began in 1949, driven by higher energy prices, Destatis reported earlier today. <\/p>\n<p>Producer prices grew 24.2 percent year-on-year in December, after rising 19.2 percent in November. This was the strongest year-on-year increase since the survey began in 1949 and also exceeded the economists&#8217; forecast of 19.4 percent.<\/p>\n<p>On a monthly basis, producer price inflation advanced to 5.0 percent from 0.8 percent in November. Economists had forecast prices to climb again by 0.8 percent.<\/p>\n<p>The benchmark DAX was marginally higher at 15,812 after closing 0.2 percent higher in the previous session. <\/p>\n<p>Sportswear major Puma rose over 1 percent after it posted record sales and earnings that topped estimates. <\/p>\n<\/p>\n<p>Market Analysis<\/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 As Producer Prices Register Record Jump<\/a><br \/>\n<br \/>2022-01-20 08:58:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks held steady on Thursday, as earnings optimism outweighed lingering worries over inflation and higher interest rates. Germany&#8217;s producer prices grew at the strongest pace since the series began&#8230;<\/p>\n","protected":false},"author":2,"featured_media":17714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-17713","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17713","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=17713"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/17713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/17714"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=17713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=17713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=17713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}