\n<\/p>\n
After a five-day losing streak, German stocks are up in positive territory on Thursday amid optimism the European Union will soon strike a trade deal with the U.S., and on upbeat earnings from Taiwanese chipmaker TSMC.<\/p>\n
The bloc is readying a package of tariffs to be levied on 72 billion euros’ ($84bn) worth of goods against the U.S, if negotiations failed. <\/p>\n
The benchmark DAX, which climbed to 24,310.30 earlier in the session, was up 129.29 points or 0.54% at 24,206.39 a little while ago. <\/p>\n
Siemens, up 2.7%, is the top gainer in the DAX index. Siemens Energy is gaining nearly 2.5%. Rheinmetall, Mercedes-Benz, Qiagen, Volkswagen, Infineon Technologies, Continental, Fresenius Medical Care and Deutsche Telekom are up 1 to 1.5%.<\/p>\n
BASF, MTU Aero Engines, Symrise, SAP, Porsche, BMW and Deutsche Post are also up in positive territory.<\/p>\n
Daimler Truck Holding, E.ON, Commerzbank, Deutsche Boerse, RWE and Adidas are down 0.3 to 0.9%.<\/p>\n
In economic news, Euro area inflation rose slightly to the European Central Bank’s 2% target in June, as initially estimated, final data from Eurostat showed.<\/p>\n
Annual inflation moved up to 2% in June from 1.9% in May. The rate came in line with the estimate published on July 1.<\/p>\n
Core inflation that excludes prices of energy and food held steady at 2.3%, as estimated.<\/p>\n
At 0.3%, the monthly growth in the harmonized index of consumer prices matched the flash estimate. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n