{"id":40397,"date":"2023-11-06T08:52:38","date_gmt":"2023-11-06T08:52:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2023\/11\/06\/dax-little-changed-as-factory-orders-rise\/"},"modified":"2023-11-06T08:52:38","modified_gmt":"2023-11-06T08:52:38","slug":"dax-little-changed-as-factory-orders-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2023\/11\/06\/dax-little-changed-as-factory-orders-rise\/","title":{"rendered":"DAX Little Changed As Factory Orders Rise"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were little changed on Monday after posting strong gains last week on dovish Fed bets. <\/p>\n<p>Meanwhile, Germany&#8217;s factory orders grew unexpectedly in September, data from Destatis showed earlier today. <\/p>\n<p>New orders climbed 0.2 percent on a monthly basis in September, confounding expectations for a fall of 1.0 percent.<\/p>\n<p>Separately, cancellations of residential construction projects in Germany rose to a new high in October as housing demand weakened further, results of survey by the ifo institute showed today, adding to signs of recession in the biggest euro area <span class=\"landLinks\">economy<\/span>.<\/p>\n<p>The share of companies that reported cancelled housing projects rose to 22.2 percent from 21.4 percent in the previous month.<\/p>\n<p>The benchmark DAX was marginally higher at 15,192 after edging up 0.3 percent on Friday.<\/p>\n<p>Evotec plunged 5.5 percent after RBC downgraded the biotech firm&#8217;s stock to &#8220;Sector perform&#8221; from &#8220;Outperform&#8221;. <\/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 Little Changed As Factory Orders Rise<\/a><br \/>\n<br \/>2023-11-06 08:52:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were little changed on Monday after posting strong gains last week on dovish Fed bets. Meanwhile, Germany&#8217;s factory orders grew unexpectedly in September, data from Destatis showed earlier&#8230;<\/p>\n","protected":false},"author":2,"featured_media":40398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-40397","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\/40397","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=40397"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/40397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/40398"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=40397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=40397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=40397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}