{"id":8929,"date":"2021-04-16T09:11:53","date_gmt":"2021-04-16T09:11:53","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/16\/dax-rises-on-growth-optimism-earnings\/"},"modified":"2021-04-16T09:11:53","modified_gmt":"2021-04-16T09:11:53","slug":"dax-rises-on-growth-optimism-earnings","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/16\/dax-rises-on-growth-optimism-earnings\/","title":{"rendered":"DAX Rises On Growth Optimism, Earnings"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks rose notably on Friday after data showed China&#8217;s GDP growth jumped to a record high in year-on-year terms last quarter, even as it missed expectations slightly. <\/p>\n<p>China&#8217;s stellar economic prints, coupled with encouraging U.S. retail sales and jobless claims data released overnight, suggested that the global economic recovery is gaining momentum. <\/p>\n<p>The German DAX climbed 104 points, or 0.7 percent, to 15,358 after edging up 0.3 percent on Thursday. <\/p>\n<p>HeidelbergCement rallied 2 percent. The cement maker said that its preliminary results for the first quarter of 2021 were significantly above market expectations.<\/p>\n<p>Pfeiffer Vacuum Technology AG shares jumped more than 12 percent. The company reported that its preliminary operating result for the first quarter 2021 increased 76.4 percent.<\/p>\n<p>Meal-kit maker HelloFresh advanced 3.7 percent after lifting its 2021 revenue guidance.<\/p>\n<p>Automaker Daimler rallied 2.6 percent after its preliminary results for the first-quarter of 2021 came in significantly above market expectations, driven by higher vehicle prices and strong demand for its Mercedes-Benz cars, particularly in China.<\/p>\n<p>BMW rose 0.7 percent and Volkswagen gained 1.7 percent after industry data showed Europe&#8217;s new car registrations surged in March due to last year&#8217;s exceptionally low base of comparison caused by the strict COVID-19 restrictions introduced in most <span class=\"landLinks\">markets<\/span> in March 2020.<\/p>\n<p>Registrations of new passenger cars increased 87.3 percent annually, in contrast to February&#8217;s 19.3 percent decline. <\/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 Growth Optimism, Earnings<\/a><br \/>\n<br \/>2021-04-16 09:11:53<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rose notably on Friday after data showed China&#8217;s GDP growth jumped to a record high in year-on-year terms last quarter, even as it missed expectations slightly. China&#8217;s stellar&#8230;<\/p>\n","protected":false},"author":2,"featured_media":8930,"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-8929","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8929","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=8929"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/8929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/8930"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=8929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=8929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=8929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}