October 26, 2021

Taylor Daily Press

Complete News World

Signature Exchange Trading of Possible Agreement on US Debt Ceiling - VNL

Signature Exchange Trading of Possible Agreement on US Debt Ceiling – VNL

Amsterdam (Reuters) – Investors in European stock markets are focusing mainly on Washington on Thursday, where Democrats and Republicans are reportedly approaching an agreement to raise the US debt ceiling. Republicans have proposed raising the debt ceiling until December. If the ceiling is not raised before October 18, the United States will no longer be able to meet its financial obligations. The issue has been a hot topic among US Congressmen for weeks and has sparked turmoil in global financial markets.

In addition, we look forward to the last policy meeting of the European Central Bank (ECB) and the weekly claims in the United States, which will be announced later. The U.S. government’s important work report is due out on Friday. Basilip processor ATP’s data on Wednesday showed that job growth in the US corporate sector was already much stronger than expected.

Based on the initial indicators, the AEX index in Perspline 5 starts at 1 percent higher. Other European stock markets are also expected to start with gains. Stock markets in the Asian region were positive on Thursday. The Nikkei Plus in Tokyo closed 0.5 percent, breaking the eight-day losing streak.


In China, the so-called Golden Week, stock markets were still closed. In Hong Kong, the Hong Cheng index rose 2.7 percent, led by major Chinese technology companies such as Tencent and Alibaba. Important news from the ailing Chinese real estate company that trading on Evergrande shares is still on hold. US Secretary of State Anthony Blinken has warned China to handle the Evergrande crisis “responsibly”, which he believes could have long-term consequences for the rest of the world.

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On Wednesday, European stock markets left the bulk of the strong recovery of the previous day. The AEX index ended 1.3 percent lower at 761.22 points. Wall Street was able to erase previous significant losses. The Dow-Jones index was up 0.3 percent at 34,416.99.

The euro was at $ 1.1551 against the previous day’s $ 1.1535. The price of a barrel of US oil fell 0.5 percent to $ 77.05. Brent oil is up 0.1 percent at $ 81.11 a barrel.