Asian stock markets surged on Monday morning after US President Barack Obama said lawmakers had reached a last-minute deal that would raise the country’s debt ceiling and avoid a catastrophic default. US President Barack Obama says Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default. visit source Asian Markets Soar On US debt Deal: The Japanese stock index rose 1.8 per cent, US stock futures built on earlier gains and the US dollar rose modestly against the yen and the Swiss franc. Gold fell more than one per cent, indicating investors had begun to shift out of safe havens. Republicans and Democrats in the US congress have reached an 11th-hour agreement with President Barack Obama to raise the limit on US borrowing and prevent an unprecedented US debt default.
Shanghai edged 0.15 percent higher. In return, Congress has committed to reducing the deficit by a similar amount over 10 years, and a special bipartisan committee will be set up to agree cuts. “There are still some very important votes to be taken by members of Congress, but I want to announce that…. Read full article Asian Markets Soar On US debt Deal:
Shanghai edged 0.15 percent higher. In return, Congress has committed to reducing the deficit by a similar amount over 10 years, and a special bipartisan committee will be set up to agree cuts. “There are still some very important votes to be taken by members of Congress, but I want to announce that…. Read full article Asian Markets Soar On US debt Deal:
