{"id":7275,"date":"2021-02-04T09:13:58","date_gmt":"2021-02-04T09:13:58","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/04\/dax-rises-on-earnings\/"},"modified":"2021-02-04T09:13:58","modified_gmt":"2021-02-04T09:13:58","slug":"dax-rises-on-earnings","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/04\/dax-rises-on-earnings\/","title":{"rendered":"DAX Rises On Earnings"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Thursday, with strong earnings updates and signs of progress toward U.S. stimulus helping underpin sentiment.<\/p>\n<p>Meanwhile, Italian government bond yields edged up as former European Central Bank chief Mario Draghi agreed to help form a new government.<\/p>\n<p>The German DAX rose 77 points, or 0.6 percent, to 14,010 after rising 0.7 percent in the previous session.<\/p>\n<p>Bayer AG surged 5.1 percent after the chemical company announced a formal agreement with plaintiffs&#8217; class counsel on a class plan designed to manage and resolve future Roundup cases.<\/p>\n<p>Deutsche Bank fell 2.5 percent despite the lender reporting a small annual profit in 2020, its first since 2014, on higher revenues and cost reductions at its investment banking division.<\/p>\n<p>Cancom shares soared 9 percent. The IT service management company reported consolidated revenues of around EUR 1.69 billion in the 2020 financial year, representing a year-on-year improvement of 9.3 percent.<\/p>\n<p>Reinsurer Hannover Re Group gained 1 percent after it reported an average price increase of 5.5 percent on renewed <span class=\"landLinks\">business<\/span> at the January 1st, 2021 renewals.<\/p>\n<p>Semiconductor manufacturer Infineon Technologies rallied 2 percent after reporting higher revenue and net profit for the first quarter of fiscal 2021. <\/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 Rises On Earnings<\/a><br \/>\n<br \/>2021-02-04 09:13:58<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Thursday, with strong earnings updates and signs of progress toward U.S. stimulus helping underpin sentiment. Meanwhile, Italian government bond yields edged up as former European Central&#8230;<\/p>\n","protected":false},"author":2,"featured_media":7276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-7275","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7275","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=7275"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/7275\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/7276"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=7275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=7275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=7275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}