The averted US payment default put investors on the German stock market in a buying mood on Friday. After the House of Representatives, the Senate in Washington also approved a bill suspending the national debt ceiling in the USA for the time being. Without the move, the US government would have run out of money in a matter of days. Investors are now turning their attention to the US labor market data due in the afternoon.
The averted US payment default put investors on the German stock market in a buying mood on Friday. After the House of Representatives, the Senate in Washington also approved a bill suspending the national debt ceiling in the USA for the time being. Without the move, the US government would have run out of money in a matter of days. Investors are now turning their attention to the US labor market data due in the afternoon.
The Dax gained 0.7 percent to 15,961.09 points in the first few minutes of trading. On Thursday, the leading German index had recovered from its clear losses of the previous days by 1.2 percent. This indicates a neutral weekly balance for the Dax. The MDax of medium-sized companies rose by 0.9 percent on Friday morning to 26,980.61 points. The EuroStoxx 50 was up 0.7 percent.
Source: Stern
