Asian Stock Market: Shanghai firms ahead of Fed policy and US debt ceiling issues, oil consolidates

The White House might come forward for US debt ceiling talks with the House of Republicans as Treasury will be out of funds in early June.

This could force the White House to come forward for negotiations with the House of Republicans, which earlier demanded negotiations in the President’s spending initiative against the proposal of raising the debt ceiling. Chinese equities are showing strength despite the turbulent trading environment. Indices are performing better ahead of the Caixindata, which will release on Thursday. The economic data is expected to land at 50.3 lower than the former figure of 50.0. The Chinese economy is in recovery mode after a long period of lockdown due to pandemic curbs.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market bulls hard to find amid high rates and banking fallout, says BofA's SubramanianSavita Subramanian, BofA Securities, joins 'Squawk on the Street' to discuss Subramanian's thoughts on the earnings season thus far, if there will still be a 'reckoning' in corporate earnings and more.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market news: Dow pulls back after First Republic Bank is seizedUS stocks mixed as traders mull impact of First Republic failure and brace for big Fed meeting
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market outlook: Fed to disappoint investors wanting interest rate cutThe stock market is poised for a sell-off as an overly hawkish Fed could dash hopes for interest rate cuts, Morgan Stanley's Mike Wilson says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock market today: Global stocks mixed after bank failureGlobal shares were trading mixed Tuesday with some markets closed or anticipating holidays and investors showing muted reaction to the latest U.S. banking failure.
Source: wjxt4 - 🏆 246. / 63 Read more »