Investor Confidence Revived by US Debt Deal in Congress
TL;DR Summary
A deal to raise the US debt ceiling may face opposition from hard-right Republicans in Congress. The deal includes general spending caps until 2024 and lower funding for the Internal Revenue Service. Meanwhile, Japan stocks remain at 33-year highs, and Tesla CEO Elon Musk is expected to visit China this week. Nvidia's CEO introduced a new AI supercomputer platform aimed at building generative AI models, and the Turkish lira slumped to another all-time low.
- CNBC Daily Open: Next stop, Congress CNBC
- Debt deal welcomed by investors, though risks loom ZAWYA
- Morning Bid: Debt vote in sight, but further Fed squeeze Reuters.com
- The Debt Ceiling Is a 'Sell-the-News' Event | investing.com Investing.com
- Asian stocks mostly higher as US debt deal revives confidence ZAWYA
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