German shares up midday ahead of expected ECB rate cut

Share prices pushed higher midday as market participants jostled for position ahead of an expected ECB rate cut this afternoon - with talk in the market pivoting around whether the bank will ease rates by 25 or 50 basis points - while Deutsche Telekom surged as it went ahead with plans to slash its net debt, dealers said.

At 11.49 pm the DAX was at 3,372.24, up 51.49 points or 1.55%, having traded in a range of 3,310.74-3,381.21 so far today.