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Us Debt Ceiling Deal

All articles tagged with #us debt ceiling deal

finance2 years ago

European Stocks Set to Rise Following U.S. Debt Ceiling Agreement

European stock markets opened higher after US lawmakers passed a bill to raise the debt ceiling and cap government spending for two years. Mining stocks led gains, up 1.7%, while oil and gas climbed 1% ahead of the June 4 OPEC+ meeting. Global artificial intelligence revenue will reach $180 billion this year and grow to nearly $2 trillion by 2030, and it will be a key driver of semiconductor revenue, according to Morgan Stanley. Friday's jobs data will highlight the challenges the Fed faces heading into the June policy meeting, according to Joe Davis, chief economist at Vanguard.

via CNBC|
#ai-opportunity#european-stock-markets#finance
business2 years ago

Global Markets React to US Debt Ceiling Deal with Mixed Results

Asia-Pacific markets are mixed ahead of the U.S. vote on the debt ceiling deal, with Japan's Nikkei 225 and Topix sliding, South Korea's Kospi climbing, and Australia's S&P/ASX 200 trading close to the flatline. Hong Kong stocks snapped a four-day losing streak, while mainland Chinese markets were mixed. Softbank shares tumbled almost 4% on Tuesday, leading losses on Japan's Topix index. Japan's unemployment rate fell slightly to 2.6% in April, lower than March's figure of 2.8%. China's purchasing managers' index readings for May, Bank of Thailand's meeting, and South Korea's inflation and GDP reports will be in focus this week.

via CNBC|
#asia-pacific-markets#business#china-pmi-readings
finance2 years ago

Global Markets React to US Debt Ceiling Deal

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.

via Reuters|
#asian-stock-markets#china#federal-reserve
finance2 years ago

Debt ceiling deal brings mixed reactions to stock markets in Asia and US.

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.

via CNBC|
#asia-pacific-markets#finance#inflation
cryptocurrency2 years ago

US Debt Ceiling Deal and Bitcoin Surges: Implications for SHIB Price Prediction

Shiba Inu has gained 3% in 24 hours, with predictions suggesting that the US debt ceiling deal could propel the cryptocurrency to $1. The US House of Representatives has passed a bill to raise the debt ceiling, preventing a potential default on the country's financial obligations. Shiba Inu is currently trading at approximately 0.00000879, with a strong bullish sentiment prevailing in the market. The 50-day exponential moving average serves as a reliable support level, and a decisive break above this level signifies the potential for continued upward movement.

via Cryptonews|
#cryptocurrency#cryptocurrency-market#price-prediction
business2 years ago

"Japan's Nikkei Surges, Investors Remain Cautious"

Japan's Nikkei share average surged to its highest level since August 1990, driven by strong corporate results, a weaker yen, and optimism over a US debt ceiling deal. The broader Topix also extended its climb to a post-bubble milestone. The rally was further fueled by foreign buying, increased investment by Warren Buffett, and a push for better corporate governance by the Tokyo Stock Exchange. However, some investors are concerned about the market overheating.

via Reuters|
#business#corporate-results#japan
finance2 years ago

Debt ceiling talks boost USD and European markets, while NZD and JPY show contrasting strength.

European shares are expected to rally as optimism grows that a U.S. debt ceiling deal could be reached soon. President Joe Biden and top congressional Republican Kevin McCarthy have agreed to negotiate a deal directly, with Biden cutting short an Asia trip to return to talks on Sunday. The U.S. Treasury general account is draining fast as extraordinary measures are exhausted, pending a debt ceiling deal to raise the limit. The European data cupboard is largely bare today, meaning the next macro focal point will be a smattering of U.S. indicators. China's post-COVID recovery is already past its peak, as exports grew at the weakest pace in more than two years in April.

via Reuters|
#chinas-post-covid-recovery#european-shares#finance