Doha: Germany's main stock index, the DAX, rose 0.9 percent in early trading Monday, reaching 24,437 points, as investors in the German stock market expressed satisfaction with the tariff agreement between the EU and the US.

According to Qatar News Agency, the DAX is close to its record high of 24,639 points, reached nearly three weeks ago. The DAX mid-cap index (MDAX) rose 0.3 percent, reaching 31,562 points.

Meanwhile, the Euro STOXX 50, the eurozone's main index, rose 1.2 percent.

This comes after the US and the EU agreed on Sunday to a basic tariff rate of 15 percent on most EU imports into the US, which also applies to cars, semiconductors, and pharmaceutical products.