Dusseldorf On Whit Monday, the German stock market reacted cautiously to the compromise reached in the US debt dispute. The leading index Dax closed 0.2 percent down at 15,953 points. At the start, the Frankfurt stock market barometer was still up 0.6 percent, with a peak of 16,064 points.
US President Joe Biden and the leading Republican in the US Congress, Kevin McCarthy, agreed at the weekend to suspend the debt ceiling until 2025. If the US Congress agrees to this proposal, the risk of a US default with unforeseeable consequences would apply.
>> Read also: Agreement on debt deal – it’s going to be so turbulent now
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