India, April 8 -- German stocks moved up sharply Wednesday morning, with investors going on a buying spree across the board, reacting to news about Iran and the U.S. agreeing to a two-week ceasefire that will help ensure stability in the critical energy corridor in the Gulf region.

The ceasefire calls for Israel and Hezbollah to halt fighting in Lebanon. Trump said he was holding off on his threatened attacks on Iranian bridges and power plants.

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