{"id":50203,"date":"2024-08-06T08:49:32","date_gmt":"2024-08-06T08:49:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/08\/06\/dax-modestly-higher-as-factory-orders-rebound\/"},"modified":"2024-08-06T08:49:32","modified_gmt":"2024-08-06T08:49:32","slug":"dax-modestly-higher-as-factory-orders-rebound","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/08\/06\/dax-modestly-higher-as-factory-orders-rebound\/","title":{"rendered":"DAX Modestly Higher As Factory Orders Rebound"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks traded slightly higher on Tuesday after falling heavily the previous day on concerns about slowing U.S. growth. <\/p>\n<p>Underlying sentiment was helped after data showed Germany&#8217;s factory orders rebounded in June due to the significant improvement in the auto industry.<\/p>\n<p>Manufacturing orders increased by more-than-expected 3.9 percent on a monthly basis in June, in contrast to the revised 1.7 percent decrease in May, data from Destatis revealed. Orders were forecast to climb only 0.7 percent.<\/p>\n<p>Excluding large orders, factory orders were 3.3 percent higher than in May.<br \/>The benchmark DAX was up 79 points, or half a percent, at 17,418 after declining 1.8 percent the previous day. <\/p>\n<p>Banks Commerzbank and Deutsche Bank were up around 1 percent each. <br \/>Online fashion marketplace Zalando rallied 2.3 percent after posting strong Q2 results.<\/p>\n<p>Pharmaceutical and life sciences giant Bayer gained half a percent after reporting mixed results for the second quarter and reiterating group guidance. <\/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 Modestly Higher As Factory Orders Rebound<\/a><br \/>\n<br \/>2024-08-06 08:49:32<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks traded slightly higher on Tuesday after falling heavily the previous day on concerns about slowing U.S. growth. Underlying sentiment was helped after data showed Germany&#8217;s factory orders rebounded&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-50203","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-euro-markets"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50203","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=50203"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50204"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}