The DAX is up by 1.8% at the open, feeding off optimism from the US-China trade truce over the weekend

DAX

The index already had its best June month in 16 years last month and July is off to a hot start after the more positive news from Trump-Xi talks in Osaka over the weekend.

Right now, the index is posting more than 20% gains from the low reached back in late December and if those gains hold today, it'll head back into a bull market - in the traditional sense - to kick start the month.