{"id":46665,"date":"2024-05-03T08:55:38","date_gmt":"2024-05-03T08:55:38","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/03\/dax-inches-higher-on-ecb-rate-cut-hopes\/"},"modified":"2024-05-03T08:55:38","modified_gmt":"2024-05-03T08:55:38","slug":"dax-inches-higher-on-ecb-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/03\/dax-inches-higher-on-ecb-rate-cut-hopes\/","title":{"rendered":"DAX Inches Higher On ECB Rate Cut Hopes"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were modestly higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024. <\/p>\n<p>Stournaras reportedly said in an interview that three rate cuts in 2024 is the more likely scenario after considering recent growth and inflation data. <\/p>\n<p>The benchmark DAX was up 62 points, or 0.4 percent, at 17,958 after losing 0.2 percent in the previous session.<\/p>\n<p>In corporate news, Daimler Truck Holding slumped 5 percent after reporting a decline in Q1 global sales. <\/p>\n<p>Deutsche Wohnen dropped 1.2 percent. The real estate company registered a net profit for the first quarter of 99.3 million euros, compared with a loss of 667.9 million euros, posted for the same period last year.<\/p>\n<p>Krones, a packaging and bottling machine maker, declined 1.4 percent despite posting higher Q1 profit and confirming its FY24 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 Inches Higher On ECB Rate Cut Hopes<\/a><br \/>\n<br \/>2024-05-03 08:55:38<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were modestly higher on Friday after European Central Bank policymaker Yannis Stournaras said he sees three rate cuts in 2024. Stournaras reportedly said in an interview that three&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-46665","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46665","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=46665"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46666"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}