{"id":50432,"date":"2024-09-11T08:58:30","date_gmt":"2024-09-11T08:58:30","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/11\/dax-gains-with-focus-on-ecb-meeting\/"},"modified":"2024-09-11T08:58:30","modified_gmt":"2024-09-11T08:58:30","slug":"dax-gains-with-focus-on-ecb-meeting","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/11\/dax-gains-with-focus-on-ecb-meeting\/","title":{"rendered":"DAX Gains With Focus On ECB Meeting"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks traded higher on Wednesday ahead of key U.S. consumer price inflation data due later in the day and a European Central Bank (ECB) policy meeting on Thursday. <\/p>\n<p>The ECB is expected to cut its deposit rate by 25 basis points on Sept. 12 and again in December.<\/p>\n<p>The benchmark DAX was up 57 points, or 0.3 percent, at 18,323 after losing 1 percent in the previous session. <\/p>\n<p>Commerzbank shares jumped 16 percent after Italian lender UniCredit took a 9 percent shareholding in the German bank and said it will seek approval to potentially buy more. <\/p>\n<p>Automaker BMW rose about 1 percent despite downgrading its 2024 outlook. <\/p>\n<p>Encavis AG, a producer of electricity from Renewable Energies, was marginally lower after an announcement that it has purchased a ready-to-build wind farm with a potential to generate 18 megawatts power in Dannhausen. <\/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 Gains With Focus On ECB Meeting<\/a><br \/>\n<br \/>2024-09-11 08:58:30<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks traded higher on Wednesday ahead of key U.S. consumer price inflation data due later in the day and a European Central Bank (ECB) policy meeting on Thursday. The&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-50432","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\/50432","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=50432"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50433"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}