{"id":48882,"date":"2024-07-03T08:56:51","date_gmt":"2024-07-03T08:56:51","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/03\/dax-gains-after-powells-comments\/"},"modified":"2024-07-03T08:56:51","modified_gmt":"2024-07-03T08:56:51","slug":"dax-gains-after-powells-comments","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/03\/dax-gains-after-powells-comments\/","title":{"rendered":"DAX Gains After Powell&#8217;s Comments"},"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 advanced on Wednesday as traders reacted to dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to key elections in France and the U.K. <\/p>\n<p>On Tuesday, Powell acknowledged progress in disinflation but added that officials need more confidence before cutting interest rates.<\/p>\n<p>Investors shrugged off the results of a survey that showed the upturn in German services activity slowed in June. <\/p>\n<p>The benchmark DAX rose 98 points, or 0.6 percent, to 18,263 after declining 0.7 percent on Tuesday. <\/p>\n<p>In corporate news, wind turbine manufacturer Nordex edged down slightly despite an announcement that it received orders for 17 projects totaling 245 MW from its core <span class=\"landLinks\">markets<\/span> in France and Turkey at the end of June 2024.<\/p>\n<p>Volkswagen gained more than 1 percent after U.S. electric vehicle maker Rivian said it had no plans to produce vehicles with the German automaker. <\/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 After Powell&#8217;s Comments<\/a><br \/>\n<br \/>2024-07-03 08:56:51<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Wednesday as traders reacted to dovish comments from Federal Reserve Chair Jerome Powell and looked ahead to key elections in France and the U.K. On Tuesday,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":48883,"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-48882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/48882","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=48882"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/48882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/48883"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=48882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=48882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=48882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}