{"id":46618,"date":"2024-05-02T08:52:44","date_gmt":"2024-05-02T08:52:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/02\/dax-slips-in-cautious-trade-after-fed-rate-decision\/"},"modified":"2024-05-02T08:52:44","modified_gmt":"2024-05-02T08:52:44","slug":"dax-slips-in-cautious-trade-after-fed-rate-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/02\/dax-slips-in-cautious-trade-after-fed-rate-decision\/","title":{"rendered":"DAX Slips In Cautious Trade After Fed Rate Decision"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were subdued on Thursday after the Federal Reserve signaled that it is poised to keep interest rates higher for longer. <\/p>\n<p>Investors ignored the results of a survey, which showed Germany&#8217;s manufacturing PMI hit a two-month high of 42.5 in April, up from March&#8217;s 41.9.<\/p>\n<p>The benchmark DAX was down 6 points at 17,925 as trading resumed after the May Day holiday. <\/p>\n<p>In corporate news, fashion retailer Hugo Boss tumbled 3.7 percent despite first-quarter profit coming in above expectations and the company guiding for growth over the year ahead. <\/p>\n<p>Nordex dropped 1 percent despite news that it has received a 148MW turbine order for an undisclosed wind project in California. <\/p>\n<p>Rational AG declined 1.6 percent. The maker of kitchen equipment confirmed its forecast for the full year after reporting an increase in net earnings for the first-quarter, reflecting a rise in sales. <\/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 Slips In Cautious Trade After Fed Rate Decision<\/a><br \/>\n<br \/>2024-05-02 08:52:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were subdued on Thursday after the Federal Reserve signaled that it is poised to keep interest rates higher for longer. Investors ignored the results of a survey, which&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-46618","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46618","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=46618"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46619"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}