{"id":9570,"date":"2021-05-06T09:10:12","date_gmt":"2021-05-06T09:10:12","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/05\/06\/dax-extends-gains-as-factory-orders-rise\/"},"modified":"2021-05-06T09:10:12","modified_gmt":"2021-05-06T09:10:12","slug":"dax-extends-gains-as-factory-orders-rise","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/05\/06\/dax-extends-gains-as-factory-orders-rise\/","title":{"rendered":"DAX Extends Gains As Factory Orders Rise"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks rose on Thursday, with upbeat factory orders data and a better outlook from carmaker Volkswagen helping underpin investor sentiment. <\/p>\n<p>German factory orders growth accelerated more than expected in March, data from Destatis revealed. Factory orders increased 3 percent month-on-month in March, faster than the revised 1.4 percent increase seen in February. Orders were expected to climb 1.7 percent. <\/p>\n<p>On a yearly basis, new order growth increased sharply to 27.8 percent from 5.8 percent in the previous month.<\/p>\n<p>The benchmark DAX edged up 34 points, or 0.2 percent, to 15,202 after rallying 2.1 percent the previous day. <\/p>\n<p>Automaker Volkswagen dropped 1.2 percent, giving up earlier gains after raising its 2021 operating margin targets. <\/p>\n<p>Similarly, online chain Zalando edged down slightly despite raising its outlook for the year. <\/p>\n<p>Rheinmetall AG fell 0.6 percent despite confirming its 2021 outlook. <\/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 Extends Gains As Factory Orders Rise<\/a><br \/>\n<br \/>2021-05-06 09:10:12<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks rose on Thursday, with upbeat factory orders data and a better outlook from carmaker Volkswagen helping underpin investor sentiment. German factory orders growth accelerated more than expected in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-9570","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9570","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=9570"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/9570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/9571"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=9570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=9570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=9570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}