India, March 12 -- After three successive days of declines, German stocks are up in positive territory Wednesday morning with investors reacting to news that Ukraine has signaled its readiness to accept a U.S. proposal for an "immediate, interim 30-day ceasefire" with Russia.
"A while ago, Ukraine has agreed to the ceasefire. Now we go to Russia and hopefully President Putin will agree to it also," U.S. President Trump said soon after the Jeddah announcement.
On the tariff fron, Russia and the European Union have announced retaliatory tariffs on U.S. imports of steel and aluminum.
The benchmark DAX was up 334.34 points or 1.5% at 22,651.20 a little while ago.
Siemens Energy is climbing up 5.3% and Rheinmetall is rising nearly 5%. Heidel...