{"id":9348,"date":"2021-04-30T08:56:01","date_gmt":"2021-04-30T08:56:01","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/30\/dax-rises-on-strong-us-data\/"},"modified":"2021-04-30T08:56:01","modified_gmt":"2021-04-30T08:56:01","slug":"dax-rises-on-strong-us-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/30\/dax-rises-on-strong-us-data\/","title":{"rendered":"DAX Rises On Strong US Data"},"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 on Friday as strong U.S. economic data released overnight boosted hopes for a quicker economic recovery. <\/p>\n<p>Investors shrugged off domestic data showing that Germany&#8217;s <span class=\"landLinks\">economy<\/span> contracted in the first quarter due to the coronavirus pandemic after recovering slightly in the second half of 2020.<\/p>\n<p>Gross domestic product fell 1.7 percent sequentially, in contrast to the 0.5 percent growth seen in the fourth quarter of 2020, Destatis said. This was bigger than the economists&#8217; forecast of -1.5 percent.<\/p>\n<p>GDP, on an unadjusted basis, declined at a faster pace of 3.3 percent annually in the first quarter after easing 2.3 percent in the previous quarter. Economists had forecast an annual fall of 3.6 percent.<\/p>\n<p>The benchmark DAX climbed 80 points, or half a percent, to 15,235 after losing 0.9 percent in the previous session.<\/p>\n<p>Wacker Chemie shares fell over 1 percent. The chemicals company revised upward its full-year 2021 forecast after reporting first quarter net income of 106.6 million euros compared to 68.9 million euros, prior year. <\/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 Strong US Data<\/a><br \/>\n<br \/>2021-04-30 08:56:01<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rose on Friday as strong U.S. economic data released overnight boosted hopes for a quicker economic recovery. Investors shrugged off domestic data showing that Germany&#8217;s economy contracted in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9349,"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-9348","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9348","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=9348"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9349"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}