A look at the day ahead in European and global markets from Vidya Ranganathan
U.S. and UK markets return from their long weekend on Tuesday with a touch of ambivalence, happy that the weekend resulted in aMore detail and clarity are expected around the tentative agreement in Washington to suspend the $31.4 trillion federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. Even before celebrations could begin, a handful of hard-right Republican lawmakers have said they will oppose it.
In the first trades in U.S. debt markets since the debt ceiling deal, longer-term Treasuries rallied in Asia, driving benchmark 10-year yields down 6 basis points to 3.76%. Asian stocks are up, and futures indicate mild gains for stocks in Europe and the United States, too. The dollar is staying firm around its strongest level in more than two months against a basket of major currencies .
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: Relief rally eyed on US debt ceiling dealU.S. and UK markets will be closed, creating potential for outsized market moves.
Read more »
Morning Bid: Dollar flexes its musclesA look at the day ahead in Asian markets from Jamie McGeever.
Read more »
Aston Villa's elated Emery dreaming of European nightsAston Villa's remarkable turnaround under Unai Emery will bring European football to the club for the first time in more than a decade and the Spanish manager is relishing another shot at a continental trophy in the Conference League next season.
Read more »
European shares rise on US debt deal optimismEuropean shares rose on Monday as investors drew comfort from a tentative deal reached by U.S. lawmakers to raise the debt ceiling and avert a default.
Read more »
European shares edge up on US debt deal optimism By Reuters*GLOBAL STOCKS EDGE UP TO START THE WEEK ON U.S. DEBT DEAL OPTIMISM; WALL ST. CLOSED FOR MEMORIAL DAY
Read more »
Twitter has quit pact to fight online disinformation, says European Union officialThe decision to abandon a commitment to fighting false information appears to be the latest move by Elon Musk to loosen the reins on the social-media company...
Read more »