{"id":34944,"date":"2023-06-01T08:57:26","date_gmt":"2023-06-01T08:57:26","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/06\/01\/dax-rallies-led-by-banks-4\/"},"modified":"2023-06-01T08:57:26","modified_gmt":"2023-06-01T08:57:26","slug":"dax-rallies-led-by-banks-4","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/06\/01\/dax-rallies-led-by-banks-4\/","title":{"rendered":"DAX Rallies Led By Banks"},"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 rallied on Thursday after the lower house of the U.S. Congress overwhelmingly passed a crucial compromise measure to avert a debt default and a private survey showed China&#8217;s factory activity unexpectedly swung to growth in May. <\/p>\n<p>Closer home, German retail sales rose 0.8 percent month-on-month in April, partially reversing a 2.4 percent decline in the previous month, data from the Federal Statistics Office showed.<\/p>\n<p>However, German manufacturing PMI numbers for the month and Eurozone manufacturing data sent a gloomy signal.<\/p>\n<p>The benchmark DAX jumped 174 points, or 1.11 percent, to 15,837 after losing 1.5 percent the previous day.<\/p>\n<p>Banks topped the gainers list, with Commerzbank rising 1.8 percent and Deutsche Bank adding 1.4 percent. <\/p>\n<p>Automaker Renault jumped 2.2 percent as the euro weakened ahead of euro zone inflation data due later in the day. <\/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 Led By Banks<\/a><br \/>\n<br \/>2023-06-01 08:57:26<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rallied on Thursday after the lower house of the U.S. Congress overwhelmingly passed a crucial compromise measure to avert a debt default and a private survey showed China&#8217;s&#8230;<\/p>\n","protected":false},"author":2,"featured_media":34945,"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-34944","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/34944","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=34944"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/34944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/34945"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=34944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=34944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=34944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}