German stocks were notably higher on Wednesday, with signs of progress on U.S. tax reform and reports of a breakthrough in Brexit talks helping underpin investor sentiment.
The benchmark DAX was up 79 points or 0.61 percent at 13,138 in late opening deals after closing half a percent higher the previous day.
Lighting manufacturer Osram Licht jumped nearly 4 percent on a brokerage upgrade.
Munich Re shares rose over 1 percent. Its Ergo unit has dropped plans to sell traditional life insurance policies following an in-depth assessment of non-binding offers submitted by potential buyers and a discussion of the various options available.
Tech stocks were moving lower, with Dialog Semiconductors and Infineon Technologies falling over 1 percent each.
by RTT Staff Writer
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