India, July 4 -- German stocks are down in negative territory on Friday, weighed down by data showing a sharp drop in factory orders, and uncertainty over U.S. trade deals ahead of the July 9 deadline.

The EU, which is pushing for an agreement in principle ahead of July 9, has acknowledged that a comprehensive deal is unlikely to be reached by the deadline.

The U.S. and Vietnam have already struck deals. Also, the US and China have agreed to a truce.

The benchmark DAX, which dropped to 23,702.50 earlier in the session, was down 132.23 points or 0.55% at 23,769.70 a little while ago.

Siemens, Zalando, Vonovia, Volkswagen, Porsche, Deutsche Post, Brenntag, Symrise, Mercedes-Benz, Porsche Automobil Holding, BASF, Deutsche Bank, SAP and Hei...