Vague hopes of progress in the dispute over raising the US debt limit to avoid US default also fueled the German stock market.
Vague hopes of progress in the dispute over raising the US debt limit to avoid US default also fueled the German stock market.
Although the trading turnover on the “Ascension Day” holiday remained comparatively thin, it was enough in the morning to jump over the 16,000 point mark in the Dax to the highest level since the beginning of 2022. Around noon, the leading German index was then at 1.54 percent up at 16,196.58 points. The previous record high of a good 16,290 points is now within sight.
The MDax for medium-sized companies was also firm on Thursday. He recently gained 1.05 percent to 27,692.85 points. The Eurozone leading index EuroStoxx 50 rose by 1.11 percent to 4371.32 points.
Source: Stern
