Dax sets a new record – but skepticism dominates among strategists

Frankfurt 16,331 points and thus 41 more than the previous record from November 2021: The hope of an early agreement in the US debt dispute drove the Dax to a new record high on Friday. Many leading indices of other European stock exchanges were also listed in the profit zone.

The Japanese stock market had previously climbed to its highest level in 33 years. “Shares in a celebratory mood,” said the strategists at Helaba. But despite the recent rally and a host of positive factors, many experts still have doubts about the sustainability of the stock market recovery.

The stock exchanges are currently receiving a boost from the USA in particular. The Republican majority leader in the House of Representatives, Kevin McCarthy, fueled hopes that an agreement in the dispute over the US national debt ceiling could be reached by Sunday.

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