{"id":8552,"date":"2021-03-30T09:06:04","date_gmt":"2021-03-30T09:06:04","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/03\/30\/dax-rises-on-recovery-hopes\/"},"modified":"2021-03-30T09:06:04","modified_gmt":"2021-03-30T09:06:04","slug":"dax-rises-on-recovery-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/03\/30\/dax-rises-on-recovery-hopes\/","title":{"rendered":"DAX Rises On Recovery Hopes"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks rose notably on Tuesday as investors looked past concerns over a U.S. hedge fund default and rising yields to focus on recovery from the Covid-19 crisis.<\/p>\n<p>Germany&#8217;s benchmark 10-year bond yield rose to its highest level in over a week, pushed higher again by rising U.S. Treasury yields in the wake of stimulus and vaccination progress. <\/p>\n<p>U.S. President Joe Biden is set to outline his infrastructure spending plan on Wednesday in Pittsburgh. <\/p>\n<p>The economic package worth about $3 billion will be split into two parts, with the first one focused primarily on transportation and other infrastructure.<\/p>\n<p>The U.S. jobs data due Friday is expected to signal that the labor market recovery remains on track.<\/p>\n<p>The benchmark DAX climbed 98 points, or 0.7 percent, to 14,916 after rising about half a percent the previous day. <\/p>\n<p>Banks rebounded, with Commerzbank and Deutsch Bank rising around 2 percent.<\/p>\n<p>Automakers BMW and Daimler rose more than 1 percent, while Volkswagen rallied 3.1 percent. <\/p>\n<p>Uniper SE lost 3 percent. The energy company said that its chief executive officer Andreas Schierenbeck and chief financial officer Sascha Bibert will leave the company immediately.<\/p>\n<p>Software company TeamViewer AG was down 0.7 percent. The company has announced its partnership with Mercedes-AMG Petronas Formula One Team and Mercedes-EQ Formula E Team.<\/p>\n<p>In economic releases, German import prices increased for the first time in nearly two years in February, data released by Destatis showed earlier today. <\/p>\n<p>Import prices advanced 1.4 percent year-on-year in February, reversing a 1.2 percent drop in January. This was the first increase in import prices since April 2019. <\/p>\n<p>Export prices grew 0.7 percent year-on-year, following a 0.1 percent rise in January. <\/p>\n<\/p>\n<p>Business News<\/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 Recovery Hopes<\/a><br \/>\n<br \/>2021-03-30 09:06:04<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rose notably on Tuesday as investors looked past concerns over a U.S. hedge fund default and rising yields to focus on recovery from the Covid-19 crisis. Germany&#8217;s benchmark&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8553,"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-8552","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8552","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=8552"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8553"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}