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DAX Modestly Higher

The German stock market is trading higher on Thursday, extending previous session's gains amid slightly easing worries about U.S. - China trade tensions following reports that the U.S. is in the early stages of proposing a new
round of trade talks with China in the near future.

Investors, digesting a report from Destatis that Germany's consumer price inflation held steady in August, are looking ahead to the monetary policy meetings of the Bank of England and the European Central Bank, for further
direction.

The benchmark DAX is up 50.91 points, or 0.42 percent, at 12,083.21. On Wednesday, the index gained about 0.52 percent.

Infineon, up 3.3 percent, is the top gainer in the DAX. Commerzbank is up nearly 3 percent and BMW is gaining 2.3 percent. Volkswagen is advancing 2.1 percent.

Deutsche Bank, Daimler, RWE, Fresenius, Linde and BASF are gaining 1 to 2 percent.

According to data released by Destatis, Germany's consumer price inflation remained stable at 2 percent in August, in line with the estimate published on August 30. The rate reached the 2 percent mark for the fourth consecutive
month. Excluding food and energy, inflation was 1.3 percent in August.

The harmonized index of consumer prices for Germany, which is calculated for European purposes, climbed 1.9 percent annually, slower than July's 2.1 percent rise, the statistical office confirmed the confirmed the preliminary
estimate.

On a monthly basis, the consumer price index edged up 0.1 percent in August, slower than July's 0.3 percent increase. Meanwhile, the harmonized index of consumer prices remained flat. Both CPI and HICP figures matched preliminary estimate.

by RTTNews Staff Writer

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