FRANKFURT (dpa-AFX)
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SHARES
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GERMANY: – 16,000 POINTS REMAIN THE BARRIER – A default by the USA was probably avoided at the last minute. As a result, the Dax (DAX 40) tried again at the chart hurdle of 16,000 points: The broker IG assessed the leading German index on Whit Monday around two and a half hours before the start of holiday trading 0.1 percent higher to 15,998 points. During the night it had even been valued up to 16,066 points. US President Joe Biden and Republican House Speaker Kevin McCarthy said in Washington on Saturday (local time) that they had reached an interim agreement to raise the debt ceiling for solvency by 2025. The project still has to be approved by Congress. According to the US Treasury Department, without an increase, there would have been a risk of default at the beginning of June.
USA: – SIGNIFICANT GAINS – US stock markets benefited on Friday on hopes of a breakthrough in the US debt dispute and started the weekend with significant gains. According to a report in the New York Times, the Democrats and Republicans appear to be close to an agreement and have already started drafting a bill. Current economic data turned out better than expected overall. The Dow Jones Industrial (Dow Jones 30 Industrial) closed up 1.00 percent at 33,093.34 points. This resulted in a loss of one percent for the past week. The market-wide S&P 500 rose 1.30 percent on Friday to 4205.45 points. The NASDAQ 100 continued its previous day’s rally and ultimately gained 2.58 percent to 14,298.41 points. The technology-heavy index thus managed a weekly increase of 3.6 percent.
ASIA: – NIKKEI CLEARLY IN PLUS; CSI AND HANG SENG SLIGHTLY DOWN – In Asia, the stock markets have reacted differently to the emerging agreement in the US debt dispute. In Tokyo, the leading Japanese index Nikkei 225 was around one percent shortly before the end of trading and thus continued to expand profits. On the other hand, the CSI 300 index (CSI 300) with the 300 most important stocks on the Shenzhen and Shanghai stock exchanges performed poorly. It recently lost 0.60 percent after losing ground last week. The Hong Kong SAR stock market was slightly down.
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DAX 15983.97 1.20%
XDAX 15986.95 0.89%
EuroSTOXX 50 4337.50 1.59%
Stoxx50 4027.71 1.38%
DJIA 33093.34 1.00%
S&P 500 4205.45 1.30%
NASDAQ 100 14298.41 2.58%
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BONDS / FOREX / CRUDE OIL
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PENSIONS:
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Bund future 133.20 -0.10%
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CURRENCY:
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Euro/USD 1.0737 0.10%
USD/Yen 140.39 -0.19%
Euro/Yen 150.73 -0.06%
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CRUDE OIL:
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Brent 77.47 +$0.52
WTI 73.30 +$0.63
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