Minutes after the Fed’s March 16-17 meeting, German stocks, which remained strong on Thursday, suggested that the US central bank wasn’t rushing to raise interest rates.
A report from Destatis showed that growth in German factory orders accelerated in February, driven by domestic demand, with some data cheers.
Factory orders increased 1.2% month-on-month in February, faster than the 0.8% increase in January, meeting economists’ expectations.
On an annual basis, industrial order growth improved significantly from 1.4% a month ago to 5.6%.
Benchmark DAX rose 4 points at 15,180 after closing 0.2% down the day before.
Gerresheimer reported an increase in profits in the first quarter and fell by nearly 3% despite confirming the 2021 outlook.
Aareal Bank fell by more than 1% after the Board of Corporate Auditors rejected Petrus Advisers Ltd’s request for a partial replacement of board members.
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DAX is steadily trading carefully
Source link DAX is steadily trading carefully