India, May 26 -- German stocks are up sharply on Monday with investors indulging in some hectic buying almost across the board, reacting to reports that U.S. President Donald Trump has delayed the roll out of 50% tariffs on the European Union to July 9 from June 1.
Trump's decision comes after a call from EU Commission President Ursula von der Leyen.
"The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9," Von der Leyen wrote on X.
The benchmark DAX was up 405.28 points or 1.72% at 24,017.74 a few minutes ago.
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