Investors are thus rewarding the signs of relief in the EU's trade dispute with the US. This also benefits the data for Germany, where the overall index can rise by 4.2 points.

Overall, the robust condition of the situation values is surprising, especially for the USA, where we are measuring an all-time high. It seems that investors have become particularly aware this month that the global economy is in much better shape than they feared three months ago. Accordingly, investors no longer expected a turnaround, but only saw a cooling off.