{"id":46825,"date":"2024-05-08T08:52:11","date_gmt":"2024-05-08T08:52:11","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/05\/08\/dax-rises-on-strong-earnings\/"},"modified":"2024-05-08T08:52:11","modified_gmt":"2024-05-08T08:52:11","slug":"dax-rises-on-strong-earnings","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/05\/08\/dax-rises-on-strong-earnings\/","title":{"rendered":"DAX Rises On Strong Earnings"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks traded higher on Wednesday as investors cheered strong earnings from the likes of Siemens Energy, Puma and Henkel.<\/p>\n<p>Market participants shrugged off data showing that Germany&#8217;s industrial production dropped in March on weak consumer and intermediate goods output.<\/p>\n<p>Destatis reported that German industrial production declined 0.4 percent on a monthly basis, in contrast to the 1.7 percent increase in February.<\/p>\n<p>This was the first drop so far this year and the pace of decline was less severe than the expected 0.6 percent fall.<\/p>\n<p>The benchmark DAX was up 103 points, or 0.6 percent, at 18,533 after climbing 1.4 percent in the previous session. <\/p>\n<p>Siemens Energy soared 11.2 percent. The power equipment maker raised its 2024 guidance after posting strong quarterly results. <\/p>\n<p>Sportswear maker Puma rallied 5.4 percent after Q1 sales met expectations. <br \/>Consumer goods giant Henkel jumped 2.3 percent after raising its sales and earnings outlook for 2024.<\/p>\n<p>Automaker BMW fell 2.8 percent after it forecast a slight drop in pre-tax profit this year. <\/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 Rises On Strong Earnings<\/a><br \/>\n<br \/>2024-05-08 08:52:11<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks traded higher on Wednesday as investors cheered strong earnings from the likes of Siemens Energy, Puma and Henkel. Market participants shrugged off data showing that Germany&#8217;s industrial production&#8230;<\/p>\n","protected":false},"author":2,"featured_media":46826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-46825","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46825","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=46825"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/46825\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/46826"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=46825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=46825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=46825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}