Stocks skittish on mixed European data, debt standoff | The Malaysian Insight

Asian stock markets kick the week off with gains amid growing hopes that the Democrats and Republicans will reach a deal to avert the disastrous scenario of a government default in the world’s biggest economy. – AFP pic, May 16, 2023.

GLOBAL stocks moved indecisively yesterday following mixed European economic data as the ongoing standoff in talks on averting a first-ever US default kept equities from gaining traction. Asian stock markets kicked the week off with gains amid “growing hopes that the Democrats and Republicans will reach a deal to avert the disastrous scenario of a government default” in the world’s biggest economy, said Victoria Scholar, head of investment at Interactive Investor.

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