{"id":8739,"date":"2021-04-08T08:59:39","date_gmt":"2021-04-08T08:59:39","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/08\/dax-holds-steady-in-cautious-trade\/"},"modified":"2021-04-08T08:59:39","modified_gmt":"2021-04-08T08:59:39","slug":"dax-holds-steady-in-cautious-trade","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/08\/dax-holds-steady-in-cautious-trade\/","title":{"rendered":"DAX Holds Steady In Cautious Trade"},"content":{"rendered":"
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German stocks held steady on Thursday after minutes from the Fed’s March 16-17 meeting suggested the U.S. central bank is in no rush to raise interest rates.<\/p>\n

There was also some cheer on the data front, with a report from Destatis showing that German factory orders growth accelerated in February driven by domestic demand.<\/p>\n

Factory orders grew 1.2 percent month-on-month in February, faster than the 0.8 percent increase in January and matching economists’ expectations. <\/p>\n

On a yearly basis, growth in industrial orders improved notably to 5.6 percent from 1.4 percent a month ago.<\/p>\n

The benchmark DAX was up 4 points at 15,180 after closing 0.2 percent lower the previous day. <\/p>\n

Gerresheimer fell nearly 3 percent despite reporting a rise in Q1 profit and confirming 2021 outlook. <\/p>\n

Aareal Bank dropped more than 1 percent after its Supervisory Board rejected the demand by Petrus Advisers Ltd for a partial replacement of Supervisory Board members. <\/p>\n<\/p>\n<\/div><\/div>\n