India, June 27 -- German stocks are up firmly in positive territory Friday morning amid progress in U.S.-China trade talks ahead of the July 9 deadline. Easing concerns about Middle East tensions contribute as well to the positive mood in the market.
U.S. Commerce Secretary Lutnick stated that a U.S.-China trade deal outlined in Geneva has been finalized and it could be signed during the next round of talks in London in early July.
Meanwhile, a ceasefire between Israel and Iran continue to hold, easing concerns over global supply chains.
The benchmark DAX was up 219.25 points or 0.93% at 23,849.53 a little while ago.
Adidas is rising nearly 4%. Porsche is up 3.1% and Daimler Truck Holding is climbing nearly 3%. Sartorius and BMW are up ...