{"id":36872,"date":"2023-07-27T08:55:34","date_gmt":"2023-07-27T08:55:34","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/07\/27\/dax-rallies-on-fed-optimism\/"},"modified":"2023-07-27T08:55:34","modified_gmt":"2023-07-27T08:55:34","slug":"dax-rallies-on-fed-optimism","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/07\/27\/dax-rallies-on-fed-optimism\/","title":{"rendered":"DAX Rallies On Fed Optimism"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks climbed on Thursday amid optimism the Federal Reserve is nearing the end of its tightening cycle. <\/p>\n<p>The benchmark DAX was up 158 points, or nearly 1 percent, at 16,290 ahead of the ECB rate announcement due later in the day. <\/p>\n<p>The European Central Bank looks all but certain to hike the deposit rate by 25 bps but there is considerable uncertainty about the central bank&#8217;s guidance for September&#8217;s monetary policy.<\/p>\n<p>In corporate news, automaker Volkswagen tumbled 3.4 percent after it cut 2023 deliveries outlook. <\/p>\n<p>Peer Mercedes-Benz Group after lifting its full-year guidance. <\/p>\n<p>Wind turbine manufacturer Nordex Group fell 2.6 percent after net loss grew in the first six months of the year. <\/p>\n<p>Aixtron soared nearly 13 percent after the semiconductor-equipment company raised its outlook for 2023 revenue and orders in light of strong demand. <\/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 Rallies On Fed Optimism<\/a><br \/>\n<br \/>2023-07-27 08:55:34<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks climbed on Thursday amid optimism the Federal Reserve is nearing the end of its tightening cycle. The benchmark DAX was up 158 points, or nearly 1 percent, at&#8230;<\/p>\n","protected":false},"author":2,"featured_media":36873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-36872","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36872","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=36872"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/36872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/36873"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=36872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=36872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=36872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}