India, July 29 -- German stocks are up sharply on Tuesday with investors shrugging off tariff concerns and focusing on earnings updates and awaiting the Federal Reserve's monetary policy announcement due on Wednesday.
Mercedes-Benz, Siemens Healthineers, BASF and Adidas are scheduled to report their earnings on Wednesday. BMW, Heidelberg Materials and Linde are slated to announce their earnings later in the week.
The benchmark DAX was up 351.23 points or 1.47% at 24,295.74 a little while ago.
MTU Aero Engines is gaining more than 3%. Rheinmetall is up nearly 3%, while Siemens Energy is rising 2.5%.
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