India, Aug. 6 -- Despite disappointing factory orders data, and U.S. President Donald Trump's threat that he would impose tariffs on pharma and chips, German stocks are gaining some ground in positive territory on Wednesday. Some upbeat earnings announcements and expectations of a Fed interest rate cut next month appear to be aiding sentiment.
The benchmark DAX, which climbed to 23,998.59 earlier in the session, was up 48.81 points or 0.2% at 23,906.00 a few minutes ago.
Vonovia is up 2.7% despite paring some early gains. The stock moved up sharply this morning, lifted by an impressive 11% growth in first-half earnings. The company has also raised its EBT guidance for the full-year.
Porsche is up nearly 3%. Deutsche Bank is gaining about...