India, Feb. 24 -- German stocks are up firmly in positive territory Monday morning with investors digesting the results of the nation's general election, which saw the Christian Democratic Union of Germany (CDU) emerging victorious.
The CDU, led by Friedrich Merz, is reportedly is negotiating to form a coalition government with Social Democratic Party (SPD), which could lead to pro-growth policies and reforms.
Investors also track geopolitical developments and continue to react to the most recent earnings updates.
The benchmark DAX was 174.32 points or 0.78% at 22,438.61 a little while ago.
Rheinmetall is gaining nearly 4% and Vonovia is rising 3.1%. E.ON, Bayer,RWE, BMW, Daimler Truck Holding, Merck and Qiagen are advancing 2 to 3%.
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