Global Markets React to US Debt Ceiling Deal
TL;DR Summary
Asian stock markets and Wall Street futures rose after a weekend deal by US President Joe Biden and House Speaker Kevin McCarthy to suspend the government's debt ceiling provided relief for investors. However, China worries capped sentiment, with falls in Chinese and Hong Kong shares offsetting gains seen elsewhere. The deal now has to clear a narrowly divided Congress before the United States runs out of money to pay its debts in early June.
Topics:business#asian-stock-markets#china#federal-reserve#finance#us-debt-ceiling-deal#wall-street-futures
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