{"id":55608,"date":"2025-01-30T09:19:14","date_gmt":"2025-01-30T09:19:14","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/01\/30\/dax-rises-ahead-of-ecb-rate-decision\/"},"modified":"2025-01-30T09:19:14","modified_gmt":"2025-01-30T09:19:14","slug":"dax-rises-ahead-of-ecb-rate-decision","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/01\/30\/dax-rises-ahead-of-ecb-rate-decision\/","title":{"rendered":"DAX Rises Ahead Of ECB Rate Decision"},"content":{"rendered":"
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German stocks are up in positive territory Thursday morning, lifting the market to fresh record highs ahead of the European Central Bank’s monetary policy announcement due later in the day.<\/p>\n

Investors are digesting some corporate updates and data showing a rise in the nation’s import prices for the second consecutive month. Eurozone GDP data is due later in the day.<\/p>\n

The ECB is widely expected to lower interest rates for the fifth consecutive time, and also likely to signal further easing in order to revive growth.<\/p>\n

On Wednesday, the Federal Reserve left its key rates unchanged, and noted inflation remains “somewhat elevated” and reiterated its strong commitment to returning inflation to its 2% objective.<\/p>\n

Notably, the Fed removed a phrase included in previous statements indicating that inflation has “made progress” towards it target.<\/p>\n

The benchmark DAX was up 64.17 points or 0.3% at 21,687.25 a little while ago.<\/p>\n

Siemens Energy is gaining 4%. Vonovia is up 2.3%, while Siemens, HeidelbergCement, Rheinmetall, BASF and Continental are advancing 1.4 to 2%.<\/p>\n

Brenntag, MTU Aero Engines, Beiersdorf, Siemens Healthineers, Merck, Sartorius, Deutsche Post and Daimler Truck Holding are also notably higher.<\/p>\n

Deutsche Bank is down 4.7% following a sharp drop in its fourth-quarter earnings. The banking major reported that its fourth-quarter profit attributable to shareholders plunged 92% to 106 million euros from last year’s 1.26 billion euros.<\/p>\n

Profit before tax was 583 million euros, down 17% from last year. Revenues were 7.2 billion euros, up 8% over prior year quarter, reporting the highest since 2014.<\/p>\n

Looking ahead, for fiscal 2025, the bank reaffirmed its revenue goal of around 32 billion euros.<\/p>\n

Symrise, Fresenius Medical Care, Commerzbank, Deutsche Telekom, RWE and BMW are lower by 0.3 to 1%.<\/p>\n

Germany’s import prices increased for the second straight month in December, and at the fastest pace in nearly two years, data from Destatis showed on Thursday.<\/p>\n

Data from Destatis showed Germany’s import prices registered an annual increase of 2%, following a 0.6% rise in November. Further, this was the fastest import price inflation since February 2023, when prices had risen 3.1%.<\/p>\n

The annual price growth was largely driven by 4.6% higher charges for imported consumer goods, especially food commodities. Durable goods were 2% more expensive.<\/p>\n

Month-on-month, import prices moved up 0.4%, after rising 0.9% in the previous month. The expected growth was 0.5%.<\/p>\n

Data showed that export price inflation accelerated to 1.8% from 1.2% a month ago. On a monthly basis, export prices increased at a stable pace of 0.3%.<\/p>\n

During the year 2024, import prices showed a decline of 1.2% compared to a 6.5% fall in 2023. On average, export prices in 2024 were 0.3% higher compared to previous year. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n