Frankfurt, Dusseldorf Investors are counting on the victory of common sense in the USA. The hope that there will be an agreement in the talks about raising the US debt ceiling is causing the stock markets to rise significantly.
In morning trading on Friday, the Dax peaked at 16,262 points, up 0.6 percent. The leading German index is only 28 points short of its all-time high of 16,290 points in November 2021.
US President Joe Biden and Republican House Speaker Kevin McCarthy recently reiterated their determination to reach a speedy agreement to raise the debt ceiling and prevent a government default. An agreement could be reached as early as the weekend. The catastrophic scenario of a US payment default would thus be off the table.
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