{"id":8514,"date":"2021-04-01T09:05:18","date_gmt":"2021-04-01T09:05:18","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/01\/dax-rises-on-economic-optimism-2\/"},"modified":"2021-04-01T09:05:18","modified_gmt":"2021-04-01T09:05:18","slug":"dax-rises-on-economic-optimism-2","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/01\/dax-rises-on-economic-optimism-2\/","title":{"rendered":"DAX Rises On Economic Optimism"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks advanced on Thursday, with a US$2 trillion American Jobs Plan for infrastructure and encouraging manufacturing data helping underpin investor sentiment ahead of Easter holidays. <\/p>\n<p>The benchmark DAX rose 89 points, or 0.6 percent, to hover near a record high at 15,097.<\/p>\n<p>Infineon Technologies gained 1.5 percent and Dialog Semiconductor rose 0.6 percent after U.S. chipmaker Micron Technology Inc forecast third-quarter revenue above analysts&#8217; forecasts. <\/p>\n<p>Delivery Hero shares jumped 3.3 percent after Dutch tech investment company Prosus NV raised its stake in the online food ordering company.<\/p>\n<p>Telecommunications company Deutsche Telekom was marginally higher after confirming its outlook for 2020.<\/p>\n<p>Henkel was moving lower. The chemicals and consumer goods group said it expects organic sales growth in the first quarter 2021 of around 7 percent, which is significantly above the current market expectation of around 3.5 percent.<\/p>\n<p>Aareal Bank gained 1.5 percent after Petrus Advisers increased its shareholding in the company. <\/p>\n<p>In economic news, German retail sales grew for the first time in three months in February but the pace of expansion was slower than economists&#8217; expected, data from Destatis revealed.<\/p>\n<p>Retail sales rose 1.2 percent month-on-month in February, reversing a 6.5 percent fall in January. Economists had forecast sales to grow at a faster pace of 2 percent. This was the first increase in three months.<\/p>\n<p>On a yearly basis, retail sales decreased 9 percent after easing 9.3 percent in the previous month. Economists had forecast a 6.3 percent drop.<\/p>\n<p>German factory activity grew at the fastest pace on record in March, a survey showed. IHS Markit&#8217;s Final Purchasing Managers&#8217; Index (PMI) for manufacturing reached 66.6, matching the record flash reading. <\/p>\n<\/p>\n<\/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 Economic Optimism<\/a><br \/>\n<br \/>2021-04-01 09:05:18<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks advanced on Thursday, with a US$2 trillion American Jobs Plan for infrastructure and encouraging manufacturing data helping underpin investor sentiment ahead of Easter holidays. The benchmark DAX rose&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-8514","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8514","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=8514"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8515"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}