{"id":9374,"date":"2021-04-27T08:57:52","date_gmt":"2021-04-27T08:57:52","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/27\/dax-edges-lower-as-traders-await-fed-meeting\/"},"modified":"2021-04-27T08:57:52","modified_gmt":"2021-04-27T08:57:52","slug":"dax-edges-lower-as-traders-await-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/27\/dax-edges-lower-as-traders-await-fed-meeting\/","title":{"rendered":"DAX Edges Lower As Traders Await Fed Meeting"},"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 edged lower on Tuesday as investors awaited the outcome of the Fed&#8217;s two-day policy meeting starting later today for directional cues. <\/p>\n<p>Earlier today, the Bank of Japan maintained its massive stimulus and raised its growth forecasts for the world&#8217;s third-largest <span class=\"landLinks\">economy<\/span>, citing expected stronger demand.<\/p>\n<p>Elsewhere, Sweden&#8217;s central bank retained its key interest rate and the asset purchase program to support economic recovery and subdued inflation.<\/p>\n<p>The Executive Board of Riksbank decided to hold the repo rate at zero percent and also kept the envelope of the asset purchase program unchanged at SEK 700 billion.<\/p>\n<p>The benchmark DAX dropped 24 points, or 0.2 percent, to 15,269 after closing 0.1 percent higher on Monday.<\/p>\n<p>Automakers lost ground, with BMW and Volkswagen falling around 1 percent. <\/p>\n<p>Travel-related stocks were moving higher, with airline Lufthansa rising less than half a 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 Edges Lower As Traders Await Fed Meeting<\/a><br \/>\n<br \/>2021-04-27 08:57:52<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks edged lower on Tuesday as investors awaited the outcome of the Fed&#8217;s two-day policy meeting starting later today for directional cues. Earlier today, the Bank of Japan maintained&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9375,"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-9374","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9374","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=9374"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9375"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}