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

1 min read
Source: CNBC
Debt ceiling deal brings mixed reactions to stock markets in Asia and US.
Photo: CNBC
TL;DR

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.

Topics:businessfinance#asia-pacific-markets#finance#inflation#interest-rates#nikkei-225#us-debt-ceiling-deal
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  1. Asia markets set to mostly rise after U.S. reached tentative debt ceiling deal over weekend  CNBC
  2. Don’t expect the stock markets to rejoice about the debt ceiling deal  CNN
  3. Stocks and investing: Tips for investors amid debt ceiling default deadline  Yahoo Finance
  4. Morning Bid: Relief rally eyed on US debt ceiling deal  Reuters
  5. Après debt ceiling deal, le T-bill déluge  Financial Times

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