FRANKFURT (dpa-AFX) – With the prospect of a loosened debt brake, the German stock market is likely to venture a little further on Tuesday morning. The broker IG estimated the Dax 0.3 percent higher at 23,225 points just two hours before the start of Xetra trading. After two good trading days recently, the stock market barometer is once again heading for the record high of just under 23,476 points reached on March 6.
In the morning, the special session of the old Bundestag begins on the relaxation of the debt brake for defense spending and the special pot for infrastructure and climate. The prospect of billions in public investment in the coming years had recently driven the DAX to new highs.
“A bazooka in government spending alone will not help,” says Michael Heise, economist at asset manager HQ Trust, however. Significant growth can only be expected “if we are not dragged into a trade war with the USA and the first…
