(Bloomberg) — US stock futures have risen as global markets regain their appetite for risk-taking following the deal between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling.
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Contracts for the S&P 500 and Nasdaq 100 have gained about 0.5% as trading opened in Asia on Monday. Gold has inched lower while oil and Bitcoin have moved higher, reflecting the more buoyant tone.
Futures for benchmarks in Japan and Australia have pointed upward and a gauge of US-listed Chinese stocks rallied Friday in a positive sign for Hong Kong traders returning from a long weekend.
Moves in currency markets have been muted, with the dollar trading in tight ranges of about 0.1% versus most of its major counterparts after reaching a two-month high earlier last week.
Investors had become increasingly confident on Friday that an agreement would be struck in Washington, supporting gains in the US equity benchmarks. Shares there also continued to be led higher by tech stocks and the frenzy…
2023-05-28 18:48:21
Original from finance.yahoo.com
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