India, June 16 -- German stocks climbed higher Tuesday morning with investors hoping that Iran and the U.S. will sign the peace deal later this week and ensure reopening of the Strait of Hormuz. The focus is also on the upcoming monetary policy meetings of the Federal Reserve and the Bank of England.
The benchmark DAX, which climbed to 25,109.96 earlier, was up 143.75 points or 0.58% at 25,047.17 a few minutes ago.
Gea Group climbed 5%. Rheinmetall moved up 2.85%, while MTU Aero Engines, Qiagen and Siemens gained 1.8%-2%.
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