DAX Rises On Trade Deal Optimism



German stocks rose notably on Thursday after the United States and China reportedly agreed to roll back tariffs on each other's goods in different phases for both sides to reach a "phase one" trade deal.


Investors shrugged off weak data from Destatis showing that German industrial production declined more than expected in September.


Industrial production fell 0.6 percent month-on-month in September, reversing a 0.4 percent rise in August. Economists had forecast a moderate drop of 0.3 percent.


The benchmark DAX was up 103 points, or 0.76 percent, at 13,283 in early trade after closing up 0.2 percent the previous day.


Lender Commerzbank fell 1.8 percent after downgrading its full-year profit outlook.

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