-Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia (NVDA) shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion.
The U.S. dollar steadied after climbing to a two-month high and European stocks flattened on Tuesday as relief that a possible default by the U.S. government had been averted gave way to concern that the deal could face a rocky path through Congress.
European stocks slipped on Tuesday, dented by uncertainty on whether Congress will clear a U.S. debt ceiling deal and avert a catastrophic default. The pan-European STOXX 600 index slipped 0.2% by 0716 GMT, with trading activity expected to pick up momentum as the U.S. and the UK markets reopen after a long weekend.
Asian currencies edged lower after
investors flocked to the dollar on Tuesday, while markets
weighed the implications of the U.S. debt ceiling deal and
expectations of weak data from China's ...
Asian stocks lost early gains on Tuesday as relief that a possible default by the U.S. government had been averted gave way to concern that the deal to suspend its debt ceiling was a compromise that would have negative consequences.
Japan's Nikkei share average advanced for a fourth straight session on Tuesday amid optimism for increased investment in the country's semiconductor industry.
Asian currencies were subdued while
equities were mixed on Tuesday, as expectations of weak data
from China's industrial sector dulled the positive sentiment
from the U.S. debt ceiling deal.
A look at the day ahead in European and global markets from Vidya Ranganathan. U.S. and UK markets return from their long weekend on Tuesday with a touch of ambivalence, happy that the weekend resulted in a U.S. debt ceiling agreement and yet anxious about how the deal will fare in congress.
Japan's Nikkei share average slid on Tuesday, taking a breather from a three-decade high, as investors awaited U.S. consumer confidence data and a conclusion to debt ceiling talks. The Nikkei was down 0.37% to 31,119.27 at the midday break, trimming gains on Monday that took it as high as 31,560.43, a level not seen since July 1990.
Asian stocks were mostly higher on Tuesday as investors cheered the prospect that the world's largest economy will avert a major debt default, improving sentiment across most asset classes. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4% early Tuesday, after U.S. stocks were closed on Monday for the Memorial Day holiday.
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