{"id":49196,"date":"2024-07-11T08:53:50","date_gmt":"2024-07-11T08:53:50","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/11\/dax-edges-higher-after-inflation-data\/"},"modified":"2024-07-11T08:53:50","modified_gmt":"2024-07-11T08:53:50","slug":"dax-edges-higher-after-inflation-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/11\/dax-edges-higher-after-inflation-data\/","title":{"rendered":"DAX Edges Higher After Inflation Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks traded higher on Thursday as soft inflation data left the door open for another European Central Bank rate cut in September.<\/p>\n<p>Germany&#8217;s consumer price inflation eased slightly amid lower costs for energy products, as initially estimated in June, according to final data from Destatis.<\/p>\n<p>The consumer price index rose 2.2 percent in June, following May&#8217;s 3-month high of 2.4 percent. That was in line with the flash data published earlier.<\/p>\n<p>EU-harmonized inflation also softened to 2.5 percent from 2.48 percent, as estimated.<br \/>The benchmark DAX was up 67 points, or 0.4 percent, at 18,474 after climbing 0.9 percent in the previous session. <\/p>\n<p>In corporate news, Hugo Boss rose about 1 percent after Frasers Group increased its stake in the German fashion brand. <\/p>\n<p>Fielmann surged 4.3 percent. The eyewear company forecast improved EBT margin for 2024 and 2025 after posting encouraging results for the first half. <\/p>\n<p>Nordex gained 0.7 percent after signing a deal with the E energija group to deliver and install six N163\/6.X wind turbines, totalling 42 MW capacity, in Lithuania.<\/p>\n<p>Suedzucker slumped 4.3 percent after the sugar producer posted a 45 percent fall in first-quarter earnings. <\/p>\n<\/p>\n<\/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 Edges Higher After Inflation Data<\/a><br \/>\n<br \/>2024-07-11 08:53:50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks traded higher on Thursday as soft inflation data left the door open for another European Central Bank rate cut in September. Germany&#8217;s consumer price inflation eased slightly amid&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49197,"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-49196","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49196","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=49196"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49197"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}