Frankfurt The approval of the US debt deal and the latest US jobs data are making Wall Street investors optimistic. The Dow Jones index of standard values closed 2.1 percent higher on Friday at 33,762 points. The tech-heavy Nasdaq advanced 1.1 percent to 13,240 points. The broad S&P 500 gained 1.5 percent to 4282 points.
After the House of Representatives, the Senate on Thursday also approved legislation removing the US $31.4 trillion debt ceiling. “This means that the US default has been averted shortly before and normality is gradually returning,” said Christian Henke, analyst at Broker IG.
Without an agreement, the debt limit would have been reached on June 5, according to Treasury Secretary Janet Yellen. The markets had trembled for weeks in view of the tough negotiations, because, according to experts, an insolvency of the USA could have had serious consequences for the global economy.
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