The German market is modestly higher Monday morning, with investors picking up stocks amid optimism that the meeting between the U.S. President Donald Trump and the North Korean leader Kim Jong Un will help ease geopolitical tension.
The U.S. President back out of a joint communique after the G7 summit over the weekend, and although this has raised trade war concerns, traders appear to have shrugged off this development for now.
The benchmark DAX index is up 62.26 points or 0.49 percent at 12,828.81. On Friday, the index ended down
Prominent gainers include Commerzbank and Infineon, which are up 2.1 percent and 1.7 percent, respectively.
Linde, Deutsche Telekom, Allianz, SAP, Fresenius, Muench Rueckvers, BASF and Siemens are up 1 to 2 percent. Deutsche Bank, Covestro, Volkswagen and Vonovia are up with modest gains.
Meanwhile, Deutsche Post, Daimler, Deutsche Boerse and Merck are declining 1.2 to 2 percent.
by P2PNews Staff Writer