{"id":8199,"date":"2021-03-16T09:12:25","date_gmt":"2021-03-16T09:12:25","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/16\/dax-rises-on-earnings-2\/"},"modified":"2021-03-16T09:12:25","modified_gmt":"2021-03-16T09:12:25","slug":"dax-rises-on-earnings-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/16\/dax-rises-on-earnings-2\/","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 Tuesday as investors cheered upbeat earnings updates from Volkswagen and Zalando.<\/p>\n<p>Market participants also looked ahead to a Federal Reserve policy meeting to see what the updated language and economic forecasts look like. <\/p>\n<p>The benchmark DAX rose 75 points, or half a percent, to 14,536 after declining 0.3 percent in the previous session. <\/p>\n<p>Zalando shares surged 4.6 percent. The online fashion retailer has upgraded its growth objectives after solid 2020 results.<\/p>\n<p>Automaker Volkswagen AG jumped 4 percent. The company expressed confidence that cost cuts will help it improve profit margins in the coming years.<\/p>\n<p>Utility RWE declined half a percent. The company reported that its fiscal 2021 adjusted net income was 1.2 billion euros, above the outlook of 0.85 billion euros to 1.15 billion euros.<\/p>\n<p>Wacker Chemie slumped 6 percent. The chemicals company forecast mid-single-digit percentage sales growth in 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 \/>2021-03-16 09:12:25<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Tuesday as investors cheered upbeat earnings updates from Volkswagen and Zalando. Market participants also looked ahead to a Federal Reserve policy meeting to see what the&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-8199","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8199","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=8199"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8199\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8200"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}