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German Stocks Rebound After Recent Losses

The German stock market is notably higher Monday morning, mirroring the trend across Europe, with investors looking ahead to the resumption of trade talks between the U.S. and China.

The next round of trade talks between the world's two largest economies will begin later this week in Beijing.

German shares had plunged sharply last Friday after suffering a few setbacks earlier in the week as well, due to disappointing economic data and on a downward revision in growth forecast by the European Commission. The EC had also lowered its growth forecast for the Euro area for 2019 and 2020.

The benchmark DAX is rising 108 points, or 1%, at 11,014.78.

Deutsche Post, Deutsche Bank and Wirecard are gaining 2.3 to 2.6%. Covestro, Lufthansa, Infineon, Allianz, E.ON, BASF, Linde and SAP are up 1 to 2%.

On Friday, the market shed more than 1%, tracking weakness in other markets in the region amid uncertainty about the U.S. and China agreeing on a trade deal before expiry of the 90-day truce agreed to by the Presidents of the two countries in early December.

Reports that quoted U.S. President Donald Trump as saying that he will not meet with Chinese President Xi Jinping before a crucial March deadline, contributed as well to the setback.

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