Global markets were mixed on Tuesday, with U.S. stock futures trading in a tight range ahead of debt-ceiling talks. Japan's Topix closed at the highest since 1990.
Debt-ceiling talks are scheduled Tuesday between President Joe Biden and House Speaker Kevin McCarthy. Treasury Secretary Janet Yellen warned that the U.S. is already paying a price for its failure to raise the federal debt limit and reiterated her department may run out of cash as soon as June 1. Elsewhere, Japan's Topix equities benchmark climbed to the highest since 1990. A renewed push by Japan's corporates to increase buybacks and focus on returns is helping boost sentiment, with the Nikkei 225 Stock Average leading gains among Asia's major benchmarks in 2023.
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