Investors optimistic as US debt deal approaches Congress.

A deal to raise the US debt ceiling has been reached between President Joe Biden and House Speaker Kevin McCarthy, but some hard-right Republican lawmakers have voiced their opposition, potentially causing a rocky path through Congress. The deal includes general spending caps until 2024 and lower funding for the Internal Revenue Service. Markets are waiting for US May jobs data due on Friday, while major central banks are reassessing their plans due to sticky core inflation and tight labor markets. Tesla CEO Elon Musk is expected to visit China this week, and TSMC seems to have an edge in the growing trend of artificial intelligence.