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DAX Up Firmly In Positive Territory
(RTTNews) - German stocks are up in positive territory on Friday, extending gains to a fourth straight session amid hopes the tensions between the U.S. and China may de-escalate with on reports China will likely remove its 125% tariff on some U.S. imports.
A somewhat softer tone of the U.S. President Donald Trump toward China has also helped ease concerns about a trade war.
Amid a lack of fresh economic data, investors are largely tracking quarterly earnings updates for direction.
The benchmark DAX was up 175.44 points or 0.79% at 22,244.81 a little while ago.
MTU Aero Engines is rising 4.3%. Heidelberg Materials is up 2.5%, while Siemens, Fresenius Medical Care, Daimler Truck Holding, Mercedes-Benz, BMW, Siemens Energy, Deutsche Bank, Rheinmetall, Siemens Healthineers, Infineon and Volkswagen are gaining 1 to 2%.
Zalando is down by about 2.8%. Deutsche Telekmom is down 2.3%, while Commerzbank, E.On. and Beiersdorf are declining 0.8 to 1.1%.
China Trade Data On Tap For Thursday
U.S. Dollar Drops Against Majors
Swiss Market Ends Notably Lower
European Stocks Close Mostly Higher On Earnings, Fed Rate Cut Hopes
Canadian Stocks Surge Higher Again; TSX Scales New Record High
India Holds Key Interest Rates Steady As Trade Tensions Escalate
Bay Street Looks Set To Extend Upmove
