Debt ceiling deal brings mixed reactions to stock markets in Asia and US.
TL;DR Summary
Asia-Pacific markets are mostly up after U.S. President Joe Biden and congressional leaders reached a tentative deal to raise the debt ceiling. The Nikkei 225 in Japan rose 2% to reach 33-year record levels, while the S&P/ASX 200 in Australia climbed 1.36%. However, Hong Kong's Hang Seng index futures are down. Meanwhile, Cleveland Federal Reserve President Loretta Mester expects more interest rate increases will be needed as inflation stays elevated, and markets are now expecting a Fed rate hike in June.
Topics:business#asia-pacific-markets#finance#inflation#interest-rates#nikkei-225#us-debt-ceiling-deal
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