Dax closes slightly in the red – US debt dispute creates uncertainty

Dusseldorf Investors’ eyes are once again turning to the United States. There is movement in the debt dispute, but no breakthrough between the White House and Republicans.

Time is of the essence: according to the US Treasury Department, unless an agreement is reached in June, the United States will face insolvency, which could trigger a global financial crisis.

The Dax lost slightly overall on Tuesday and closed at 16,153 points – a drop of 0.4 percent.

Specifically, the US government is arguing about raising the federal debt ceiling. It is currently at $31.4 trillion. The scenario of a default, which the head of the US bank JP Morgan, Jamie Dimon, describes as “potentially catastrophic”, can still be avoided.

>> Read also: These concrete consequences threaten the economy and the markets in the event of a US default

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