German DAX nears record as Wall St rally lifts European stocks
Reuters
23-05-19 07:23
European stocks rose on Friday on the back of progress in US debt ceiling negotiations, with the pan-European STOXX 600 index up 0.4% by 0708 GMT. The German DAX was among the gainers, up 0.3%, and now less than 100 points below its all-time high of 16,290.19, hit in November 2021. Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde were scheduled to speak at separate panel discussions later in the day.