Global markets react to debt ceiling negotiations and Germany's recession
European markets were mixed as negative sentiment from ongoing U.S. debt ceiling negotiations continued to weigh. Tech stocks shot up 2.1% following Nasdaq-100 futures in the U.S., but other gains were muted, while food and beverage stocks fell 1%. Data from the German statistics office showed a downward revision to GDP from zero to -0.3% for the first quarter of the year, placing Europe's biggest economy in a technical recession. Dutch firm ASML and Taiwan's TSMC got a share price boost after Nvidia's earnings impressed investors.