German stocks held steady on Thursday after minutes from the Fed’s March 16-17 meeting suggested the U.S. central bank is in no rush to raise interest rates.
There was also some cheer on the data front, with a report from Destatis showing that German factory orders growth accelerated in February driven by domestic demand.
Factory orders grew 1.2 percent month-on-month in February, faster than the 0.8 percent increase in January and matching economists’ expectations.
On a yearly basis, growth in industrial orders improved notably to 5.6 percent from 1.4 percent a month ago.
The benchmark DAX was up 4 points at 15,180 after closing 0.2 percent lower the previous day.
Gerresheimer fell nearly 3 percent despite reporting a rise in Q1 profit and confirming 2021 outlook.
Aareal Bank dropped more than 1 percent after its Supervisory Board rejected the demand by Petrus Advisers Ltd for a partial replacement of Supervisory Board members.
DAX Holds Steady In Cautious Trade
2021-04-08 08:59:39
