India, Aug. 13 -- The German market is up firmly in positive territory on Wednesday, with stocks from several sectors posting solid gains, amid expectations of a rate cut by the Federal Reserve next month, and on hopes that the impact of tariffs on growth will be less severe than feared earlier. Investors are also digesting the nation's inflation data.
U.S. Treasury Secretary Scott Bessent wants the Fed to keep the door open to a larger, 50 basis-point rate cut next month following recent weak job growth revisions.
The benchmark DAX was up 183.13 points or 0.76% at 24,232.25 a little while ago.
Zalando, up nearly 3%, is the top gainer in the benchmark index. Rheinmetall, Bayer, SAP, Fresenius Medical Care and Fresenius are gaining 2 to 2...