{"id":27368,"date":"2022-10-26T08:59:03","date_gmt":"2022-10-26T08:59:03","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/10\/26\/dax-rises-on-earnings-4\/"},"modified":"2022-10-26T08:59:03","modified_gmt":"2022-10-26T08:59:03","slug":"dax-rises-on-earnings-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/10\/26\/dax-rises-on-earnings-4\/","title":{"rendered":"DAX Rises On Earnings"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Wednesday as investors digested a raft of earnings updates and looked ahead to Thursday&#8217;s ECB meeting. <\/p>\n<p>The European Central Bank is widely expected to raise rates by 75 basis points amid a looming recession. <\/p>\n<p>The benchmark DAX was up 80 points, or 0.6 percent, at 13,133 after gaining 0.9 percent in the previous session. <\/p>\n<p>Energy major Uniper SE tumbled 4.3 percent. Based on preliminary results, the company said it expects an adjusted net loss of 3.2 billion euros ($3.16 billion) for the nine months to end-September.<\/p>\n<p>Mercedes-Benz slipped half a percent despite the luxury carmaker raising its forecast for adjusted return on sales for the full year for its cars division. <\/p>\n<p>Sportswear maker PUMA fell 1.3 percent after saying it is lagging somewhat behind inflation with its price increases. <\/p>\n<p>Chemical firm BASF rose nearly 2 percent after backing its FY22 outlook. <\/p>\n<p>Deutsche Bank declined 1.5 percent despite posting better-than-expected earnings for the third quarter. <\/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 On Earnings<\/a><br \/>\n<br \/>2022-10-26 08:59:03<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Wednesday as investors digested a raft of earnings updates and looked ahead to Thursday&#8217;s ECB meeting. The European Central Bank is widely expected to raise rates&#8230;<\/p>\n","protected":false},"author":2,"featured_media":27369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-27368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/27368","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=27368"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/27368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/27369"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=27368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=27368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=27368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}