their determination to reach an agreement soon by pledging to negotiate directly on a deal amid estimates the Treasury could run out of money by the start of June.As investors drew comfort from that reassurance, MSCI's broadest index of Asia-Pacific shares"Markets have chosen to be optimistic," Rodrigo Catril, senior FX strategist at National Australia Bank, wrote in a client note.
"History, of course, tells us that a deal is more likely than not to be reached on the 11th hour, suggesting there is still room for a few bad headlines," he added, noting as a case in point. "Treasury has almost run through all of its authorised extraordinary measures to keep paying the bills."continued to outperform, surging to a fresh 20-month peak of 30,667.13, before last trading 1.6% higher at around 30,575. Any advance above 30,795.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street braces for stock market chaos as debt-ceiling crisis drags onWall Street is bracing for stock market chaos as the debt-ceiling face-off drags on
Source: BusinessInsider - 🏆 729. / 51 Read more »