{"id":49654,"date":"2024-07-23T08:52:40","date_gmt":"2024-07-23T08:52:40","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/23\/dax-extends-gains-as-sap-reports-strong-q2-results\/"},"modified":"2024-07-23T08:52:40","modified_gmt":"2024-07-23T08:52:40","slug":"dax-extends-gains-as-sap-reports-strong-q2-results","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/23\/dax-extends-gains-as-sap-reports-strong-q2-results\/","title":{"rendered":"DAX Extends Gains As SAP Reports Strong Q2 Results"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks rose on Tuesday to extend gains from the previous session after a top survey showed U.S. Vice President Kamala Harris has secured the support of enough Democratic delegates to become her party&#8217;s nominee against Republican Donald Trump.<\/p>\n<p>Investors also cheered strong earnings from SAP, which reported a 25 percent increase in its cloud <span class=\"landLinks\">business<\/span> for the second quarter.<\/p>\n<p>The benchmark DAX was up 106 points, or 0.6 percent, at 18,513 after rallying 1.3 percent in the previous session. <\/p>\n<p>Porsche AG slumped 4.5 percent. The luxury car maker cut its full-year revenue forecast and warned of impairments in production spurred by a supply shortage.<\/p>\n<p>SAP, Europe&#8217;s largest software maker, surged 6.5 percent after adjusted profit for the second quarter came in above expectations. <\/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 Extends Gains As SAP Reports Strong Q2 Results<\/a><br \/>\n<br \/>2024-07-23 08:52:40<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rose on Tuesday to extend gains from the previous session after a top survey showed U.S. Vice President Kamala Harris has secured the support of enough Democratic delegates&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-49654","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49654","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=49654"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49655"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}