{"id":51928,"date":"2024-10-22T08:53:16","date_gmt":"2024-10-22T08:53:16","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/10\/22\/dax-rises-as-sap-raises-annual-outlook\/"},"modified":"2024-10-22T08:53:16","modified_gmt":"2024-10-22T08:53:16","slug":"dax-rises-as-sap-raises-annual-outlook","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/10\/22\/dax-rises-as-sap-raises-annual-outlook\/","title":{"rendered":"DAX Rises As SAP Raises Annual Outlook"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks traded higher on Tuesday after software giant SAP raised its full-year targets on a strong cloud <span class=\"landLinks\">business<\/span> in the third quarter.<\/p>\n<p>The benchmark DAX was up 86 points, or 0.4 percent, at 19,548 after declining 1 percent in the previous session. <\/p>\n<p>SAP jumped 5.5 percent after raising its full-year outlook. <\/p>\n<p>Automakers BMW, Mercedes Benz and Volkswagen were seeing modest gains even as industry data showed Europe&#8217;s new car registrations declined for the second straight month in September due to the fall in sales across France, Germany and Italy.<\/p>\n<p>New car sales decreased 6.1 percent in September from a year ago, according to data published by the European Automobile Manufacturers&#8217; Association. <\/p>\n<p>However, this was much slower than the 18.3 percent fall posted in August. <\/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 Rises As SAP Raises Annual Outlook<\/a><br \/>\n<br \/>2024-10-22 08:53:16<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks traded higher on Tuesday after software giant SAP raised its full-year targets on a strong cloud business in the third quarter. The benchmark DAX was up 86 points,&#8230;<\/p>\n","protected":false},"author":2,"featured_media":51929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-51928","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\/51928","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=51928"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/51928\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/51929"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=51928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=51928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=51928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}