Dusseldorf A week after its record high, the leading German index Dax has returned to its old trading range. On Friday morning, the Frankfurt stock exchange barometer was 0.1 percent down at 15,784 points.
According to media reports, President Joe Biden and his Republican opponent Kevin McCarthy in the USA have come a big step closer to each other in the dispute over raising the debt limit. However, investors in the German market do not seem to trust the development.
It remains to be seen whether an agreement will actually be reached, wrote analyst Chrisian Henke from broker IG. Only recently, statements in this direction on the financial markets were celebrated with the Dax record, “the hangover mood” with the setback this week followed promptly.
>> Read about this: Hardened fronts in the US debt dispute fuel fears of a stock market crash
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