European stocks head for lower open as U.S. debt ceiling talks overshadow market sentiment

were trading mixed against the backdrop of debt ceiling negotiations. Quad leaders canceled a planned meeting in Sydney next week as Biden cut his Asia trip short to return to the U.S. for talks on the debt ceiling.CNBC Pro: Morgan Stanley says Tesla among the EV stocks to benefit as supply chain shift

Morgan Stanley has identified several stocks to invest in as electric vehicle battery manufacturing shifts to the West. As countries aim to reduce their dependency on China, which currently dominates 90% of the EV battery market, they will need to create a new supply chain for a decarbonized future, according to the Wall Street bank.CNBC Pro: Citi names its top biotech and pharma stock picks, giving one nearly 90% upsideThe bank named its top buy-rated picks worldwide, including some with big potential upside.

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European Union upgrades outlook for economy as energy prices retreat | CNN BusinessQuestions swirl about the strength of China's recovery from Covid lockdowns, and there's talk of recession in the United States. Yet Europe's economic prospects have brightened in recent months, according to the European Commission.
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