GLOBAL MARKETS-European shares lack momentum after debt ceiling deal ...Middle East

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GLOBAL MARKETS-European shares lack momentum after debt ceiling deal
source : Devdiscourse ( Middle East ) () 133
European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise the federal government's $31.4 trillion debt ceiling, aiming to stop the U.S. from defaulting on its debt. The deal is expected to provide only short-term relief for markets, as worries linger about inflation and further rate increases.

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