{"id":18319,"date":"2022-02-07T09:10:33","date_gmt":"2022-02-07T09:10:33","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/02\/07\/dax-inches-higher-despite-weak-data\/"},"modified":"2022-02-07T09:10:33","modified_gmt":"2022-02-07T09:10:33","slug":"dax-inches-higher-despite-weak-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/02\/07\/dax-inches-higher-despite-weak-data\/","title":{"rendered":"DAX Inches Higher Despite Weak Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were slightly higher in cautious trade on Monday, as earnings optimism outweighed concerns about aggressive monetary tightening by the Federal Reserve and geopolitical tensions.<\/p>\n<p>Investors also shrugged off data showing that German industrial production declined unexpectedly in December.<\/p>\n<p>Industrial output dropped 0.3 percent month-on-month, in contrast to the 0.3 percent rise in November, Destatis reported. This was the first fall in three months. Economists had forecast a monthly growth of 0.4 percent.<\/p>\n<p>On a yearly basis, industrial production decreased 4.1 percent, following a 2.2 percent drop in the previous month.<\/p>\n<p>The benchmark DAX rose 48 points, or 0.3 percent, to 15,147 after declining 1.8 percent on Friday. <\/p>\n<p>Copper producer Aurubis AG rallied 3 percent after raising its earnings forecast.<\/p>\n<p>Ceconomy plunged 8.4 percent. The consumer electronics retailer reported that its adjusted EBIT, before non-recurring effects, associates and portfolio changes, for the first quarter declined to 274 million euros from 346 million euros in the year-ago period. <\/p>\n<\/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 Inches Higher Despite Weak Data<\/a><br \/>\n<br \/>2022-02-07 09:10:33<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were slightly higher in cautious trade on Monday, as earnings optimism outweighed concerns about aggressive monetary tightening by the Federal Reserve and geopolitical tensions. Investors also shrugged off&#8230;<\/p>\n","protected":false},"author":2,"featured_media":18320,"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-18319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18319","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=18319"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/18319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/18320"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=18319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=18319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=18319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}