India, March 6 -- German stocks rose to fresh record highs Thursday morning, as the Trump administration's decision to suspend car import duties from Canada and Mexico for a month raising optimism about potential tariff relaxation or exemptions on other products.
Investors are also betting on hopes the European Central Bank will reduce interes rate once again. The focus is on ECB President Christine Lagarde's comments for clues about further moves by the central bank in the coming months.
The benchmark DAX, which climbed to 23,441.70 in early trades, was up 121.70 or 0.52% at 23,241.20 a little while ago.
Automobile stocks are in demand. Mercedes-Benz is surging is more than 4.5%. Continental, Daimler Truck Holding, BMW, Porsche and Volk...