India, June 12 -- German stocks moved up sharply Friday morning, hoisting the benchmark DAX up by over 2%, as investors indulged in hectic buying across the board after oil prices tumbled and concerns about Middle East tensions eased following U.S. President Donald Trump calling off his planned attacks on Iran.
The U.S. President said a "great settlement" to end the conflict with Iran has been reached, and that a signing ceremony could take place in Europe as early as this weekend.
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