{"id":21602,"date":"2022-05-11T09:08:01","date_gmt":"2022-05-11T09:08:01","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/05\/11\/dax-rises-as-chinas-virus-cases-fall\/"},"modified":"2022-05-11T09:08:01","modified_gmt":"2022-05-11T09:08:01","slug":"dax-rises-as-chinas-virus-cases-fall","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/05\/11\/dax-rises-as-chinas-virus-cases-fall\/","title":{"rendered":"DAX Rises As China&#8217;s Virus Cases Fall"},"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 advanced on Wednesday as virus cases fell in China and the country&#8217;s securities regulator pledged action to shore up region&#8217;s worst-performing stock market.<\/p>\n<p>Investors awaited the release of U.S. consumer price inflation data later in the day for any signs that inflation is beginning to cool.<\/p>\n<p>Closer home, German consumer price inflation rose to 7.4 percent in April from 7.3 percent in March, final data from Destatis showed. <\/p>\n<p>The inflation rate hit an all-time high since German reunification and also came in line with the flash estimate published on April 28.<\/p>\n<p>The benchmark DAX rose 75 points, or 0.6 percent, to 13,610 after rallying 1.2 percent the previous day. <\/p>\n<p>Industrial heavyweight Thyssenkrupp surged 9.6 percent after raising its outlook for sales and operating profit for 2022.<\/p>\n<p>Insurer Allianz rallied 2.5 percent after it added another \u20ac1.9bn to provisions against its imploded Structured Alpha hedge fund.<\/p>\n<p>Travel and tourism company TUI AG jumped 4 percent after saying it returns to profit this year. <\/p>\n<p>Agriculture and pharmaceutical firm Bayer slumped 6.4 percent after reports that the Biden administration asked the U.S. Supreme Court not to hear the company&#8217;s bid to reject customers&#8217; claims that its Roundup weedkiller causes cancer. <\/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 Rises As China&#8217;s Virus Cases Fall<\/a><br \/>\n<br \/>2022-05-11 09:08:01<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Wednesday as virus cases fell in China and the country&#8217;s securities regulator pledged action to shore up region&#8217;s worst-performing stock market. Investors awaited the release of&#8230;<\/p>\n","protected":false},"author":2,"featured_media":21603,"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-21602","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21602","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=21602"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/21603"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=21602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=21602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=21602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}