{"id":8624,"date":"2021-04-07T09:05:44","date_gmt":"2021-04-07T09:05:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/07\/dax-holds-steady-on-covid-recovery-hopes\/"},"modified":"2021-04-07T09:05:44","modified_gmt":"2021-04-07T09:05:44","slug":"dax-holds-steady-on-covid-recovery-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/07\/dax-holds-steady-on-covid-recovery-hopes\/","title":{"rendered":"DAX Holds Steady On Covid Recovery Hopes"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks were steady on Wednesday as a series of strong U.S. data bolstered hopes for a quick economic recovery from the <span class=\"landLinks\">coronavirus<\/span> pandemic. <\/p>\n<p>Closer home, growth in Germany&#8217;s private sector accelerated in March to its highest level in more than three years, a survey showed. <\/p>\n<p>IHS Markit&#8217;s final services Purchasing Managers&#8217; Index (PMI) jumped to 51.5 last month from 45.7 in February, helping to push the composite PMI to 57.3 from 51.1 in February.<\/p>\n<p>Investors now await the minutes of the most recent Federal Open Market Committee meeting for clues as to when the U.S. central bank might raise rates. <\/p>\n<p>The benchmark DAX edged up 3 points to 15,215 after closing 0.7 percent higher the previous day.<\/p>\n<p>Banks traded mixed. Commerzbank dropped slightly while Deutsche Bank was up 0.7 percent. Automakers were broadly higher, with Daimler rising more than 1 percent. <\/p>\n<\/p>\n<p>Market Analysis<\/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 Holds Steady On Covid Recovery Hopes<\/a><br \/>\n<br \/>2021-04-07 09:05:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks were steady on Wednesday as a series of strong U.S. data bolstered hopes for a quick economic recovery from the coronavirus pandemic. Closer home, growth in Germany&#8217;s private&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-8624","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8624","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=8624"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8625"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}