India, July 23 -- German stocks are up on Wednesday, rebounding from recent losses, as prospects of a trade agreement between the U.S. and EU increased after U.S. President Donald Trump announced trade deals with Japan and Philippines.
"We have Europe coming in tomorrow, and the next day, we have some other ones coming in," Trump said late on Tuesday, without specifying details.
The benchmark DAX was up 234.79 points or 0.97% at 24,261.96 a little while ago.
Auto stocks are leading the charge up north. Porsche is gaining about 7.5%. Volkswagen is up 6.5%, Mercedes-Benz is climbing up 6%, Daimler Truck Holding is advancing 5.8%, Porsche Automobil Holding is rising 5.3% and BMW is rallying 5.2%.
googletag.cmd.push(function() { googletag.d...