India, March 5 -- German stocks are up sharply Wednesday morning, rebounding strongly from previous session's losses, as traders react to news about the German government's plans to increase defense and infrastructure spending.
Comments from U.S. Commerce Secretary Howard Lutnick that President Donald Trump will "probably" announce a deal to reduce tariffs on Canada and Mexico also contribute to the rally in the market.
Defense and bank stocks are among the major gainers.
The benchmark DAX was up 753.49 points or 3.37% at 23,082.40 a little while ago.
German parties, hoping to form a coalition, have agreed to create a 500 billion euro infrastructure fund and overhaul borrowing rules in a tectonic spending shift to revamp the military an...