{"id":40182,"date":"2023-10-31T09:21:39","date_gmt":"2023-10-31T09:21:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/10\/31\/dax-gains-as-investors-look-to-fed\/"},"modified":"2023-10-31T09:21:39","modified_gmt":"2023-10-31T09:21:39","slug":"dax-gains-as-investors-look-to-fed","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/10\/31\/dax-gains-as-investors-look-to-fed\/","title":{"rendered":"DAX Gains As Investors Look To Fed"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Tuesday as focus shifted to upcoming Fed and BOE meetings. <\/p>\n<p>Investors shrugged off government data showing that German retail sales fell for a fourth consecutive month in September due to persistently high inflation.<\/p>\n<p>The real (price-adjusted) turnover of retail enterprises dropped 0.8 percent sequentially in September, following a 1.2 percent decrease in August, Destatis said.<\/p>\n<p>Germany&#8217;s import prices fell 14.3 percent year-on-year during September while the index of export prices fell 4.1 percent, separate reports revealed.<\/p>\n<p>The German DAX rose 85 points, or 0.6 percent, to 14,802 after closing up 0.2 percent the previous day. <\/p>\n<p>Siemens Energy declined 1.5 percent after reports that it is considering selling stake in Indian-listed Siemens to former parent Siemens AG. Shares of the latter were up 0.7 percent. <\/p>\n<p>Utility Uniper SE jumped 6.3 percent after it swung to a nine-month net profit of 9.77 billion euros ($10.35 billion).<\/p>\n<p>Chemicals maker BASF rallied more than 4 percent as it unveiled fresh cuts to investment and measures to reduce operating costs.<\/p>\n<p>TeamViewer added 1.5 percent after backing its FY23 outlook. <\/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 Gains As Investors Look To Fed<\/a><br \/>\n<br \/>2023-10-31 09:21:39<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Tuesday as focus shifted to upcoming Fed and BOE meetings. Investors shrugged off government data showing that German retail sales fell for a fourth consecutive month&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-40182","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\/40182","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=40182"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/40183"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=40182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=40182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=40182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}