{"id":21828,"date":"2022-05-17T09:09:26","date_gmt":"2022-05-17T09:09:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/05\/17\/dax-rallies-amid-china-covid-relief\/"},"modified":"2022-05-17T09:09:26","modified_gmt":"2022-05-17T09:09:26","slug":"dax-rallies-amid-china-covid-relief","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/05\/17\/dax-rallies-amid-china-covid-relief\/","title":{"rendered":"DAX Rallies Amid China Covid Relief"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks rallied on Tuesday after Shanghai, China&#8217;s largest city, pledged to gradually ease its Covid lockdown and return life to normal in June.<\/p>\n<p>The benchmark DAX jumped 210 points, or 1.50 percent, to 14,174 after declining half a percent the previous day. <\/p>\n<p>Travel-related stocks were in demand, with airline Lufthansa climbing nearly 3 percent. <\/p>\n<p>Daimler Truck Holding soared 5.3 percent. The commercial vehicle manufacturer raised its full-year revenue guidance and backed its margin guidance for the year, despite rising raw materials prices and inflationary pressures. <\/p>\n<p>Asian <span class=\"landLinks\">markets<\/span> ended mostly higher and U.S. stock futures pointed to a higher open on Wall Street later in the day as investors await earnings from retailers including Walmart and Home Depot.<\/p>\n<p>Germany&#8217;s 10-year government bond yield hit an almost one-week high above 1 percent after hawkish comments from ECB policymaker Francois Villeroy de Galhau. <\/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 Rallies Amid China Covid Relief<\/a><br \/>\n<br \/>2022-05-17 09:09:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rallied on Tuesday after Shanghai, China&#8217;s largest city, pledged to gradually ease its Covid lockdown and return life to normal in June. The benchmark DAX jumped 210 points,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":21829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-21828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21828","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=21828"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/21828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/21829"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=21828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=21828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=21828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}