DAX Rises Over 0.5% Amid Renewed Hopes Of U.S.-Iran Talks

German stocks climbed higher Tuesday morning amid some hopes of resumption of peace talks between U.S. and Iranian officials in Pakistan and likely reopening of the Strait of Hormuz.

According to reports, Pakistan is pressing ahead with the groundwork for a second round of talks between Iran and the United States in Islamabad as a fragile ceasefire hung in the balance, even though it remained unclear whether Tehran would send a delegation.