India, July 17 -- After a five-day losing streak, German stocks are up in positive territory on Thursday amid optimism the European Union will soon strike a trade deal with the U.S., and on upbeat earnings from Taiwanese chipmaker TSMC.
The bloc is readying a package of tariffs to be levied on 72 billion euros' ($84bn) worth of goods against the U.S, if negotiations failed.
The benchmark DAX, which climbed to 24,310.30 earlier in the session, was up 129.29 points or 0.54% at 24,206.39 a little while ago. Siemens, up 2.7%, is the top gainer in the DAX index. Siemens Energy is gaining nearly 2.5%. Rheinmetall, Mercedes-Benz, Qiagen, Volkswagen, Infineon Technologies, Continental, Fresenius Medical Care and Deutsche Telekom are up 1 to 1.5%....