India, Feb. 12 -- German stocks are up in positive territory Wednesday morning, with investors indulging in some selective buying ahead of U.S. consumer price inflation data, due later in the day. Optimism about another interest rate cut by the Federal Reserve is aiding sentiment.
The market is also digesting Fed Chair Jerome Powell's testimony before the Senate on Tuesday. Powell reitereated that the central bank does "not need to be in a hurry to adjust our policy stance."
Powell is set to appear before the House Financial Servicces Committee later in the day.
The benchmark DAX, which advanced to 22,126.84, pared some gains subsequently and was up 60.97 points or 0.28% at 22,095.10 a little while ago.
Among the gainers, Sartorius is g...