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US: Stock Futures Rise, Dollar Subdued on Debt Deal

From bnnbloomberg.ca

US equity futures and Asian shares advanced as appetite for risk taking returned to global markets following the deal between President Joe Biden and House Speaker Kevin McCarthy on the US debt ceiling. Contracts for the S&P 500 rose about 0.3% in Asia on Monday while gains of more than 1% were seen in Japanese and Australian stocks benchmarks. Technology companies led increases in Hong Kong after a holiday Friday, with NetEase Inc. surging around 7% on strong earnings. Gold was flat on waning demand for havens as oil and Bitcoin climbed, reflecting the more buoyant tone. An index of dollar strength fell ... (full story)

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  • Category: Fundamental Analysis