News Formal

Stock market today: Asian stocks follow Wall St higher on hopes for U.S. debt deal

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 99%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Asian stock markets followed Wall Street higher on Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt.

Get the latest newsletters right to your inbox

Speaker Kevin McCarthy of the House of Representatives said Tuesday the two sides were far apart but could reach a deal by the end of the week. The U.S. government will run out of cash if they don't agree by June 1 to increase its borrowing limit. Stocks of companies that get much of their revenue from the federal government, and thus may have much to lose if it can't pay its bills, rose Wednesday. Military contractor Lockheed Martin climbed 2.1%. Northrop Grumman gained 2.7%.

Investors also worry about the health of global banks following three high-profile failures in the United States and one in Switzerland. Banks have been squeezed by the unexpectedly fast run-up in interest rates, which caused the market prices of bonds on their books to fall.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 1. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stock market today: Japan rises on GDP data; rest of region shakyAsian shares were trading mixed Wednesday as Japan's benchmark jumped on the news of solid economic growth data, while the rest of the region was mired in uncertainty.
Bron: CTVNews - 🏆 1. / 99 Lees verder »