India, March 3 -- German stocks are up firmly in positive territory Monday morning, outperforming peers from the region, thanks to hectic buying in defense stocks on reports the Christian Democratic Union (CDU) and their prospective coalition partner/partners, are considering setting up two special funds for defense and infrastructure investments.
Defense stocks in major markets in Europe have moved higher as European leaders have agreed to boost defense spending.
The benchmark DAX, which surged to 22,830.73 earlier in the session, was up 280.49 points or 1.25% at 22,775.77 a little while ago.
German defense stock Rheinmetall is soaring 12%, Thyssenkrupp is zooming 15%, Airbus is rising 3.3% and MTU Aero Engines is rising 2.3%.
Daimler ...