India, May 20 -- German stocks are up in positive territory on Tuesday amid easing concerns about tariffs, and in reaction to the widely expected interest rate cut by the People's Bank of China. The UK-EU agreement reached on Monday contribute as well to the positive sentiment in the market.
Investors are also digesting official data from Destatis that showed Germany's producer prices declined at the fastest pace in six months in April largely due to lower energy prices.
The benchmark DAX was up 128.58 points or 0.54% at 24,034.63 a few minutes ago.
RWE, up 2.8%, is the biggest gainer in the benchmark index. Siemens Energy, E.ON, Rheinmetall and Fresenius Medical Care are gaining 1.5 to 1.8%.
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