FRANKFURT, Germany - With U.S. and UK. markets closed for public holidays, it was left to European and broader global markets to react to the deal reached on the debt ceiling by U.S. President Joe Biden and House Speaker Kevin McCarthy.
The reaction was mixed, given that the deal still has to go through Congress.
Among the major European indices, the DAX PERFORMANCE-INDEX in Germany saw a slight decline, closing at 15,952.73 points after a decrease of 31.24 points or 0.20 percent. Similarly, the CAC 40 in Pari, France, also experienced a dip, ending at 7,303.81 points, down 15.37 points or 0.21 percent.
In broader Europe, the ESTX 50 PR.EUR index climbed by 50.37 points or 1.18 percent to reach 4,320.01 points. On the other hand, the Euronext 100 Index experienced a slight setback, closing at 1,353.39 points after a decrease of 4.38 points or 0.32 percent. Similarly, the BEL 20 in Belgium saw a decline of 10.79 points or 0.30 percent, closing at 3,641.37 points.
The MOEX Russia Index settled at 2,222.51 points, down 4.14 points or 0.19 percent. In Singapore, the STI Index closed at 3,195.22 points after a decrease of 12.17 points or 0.38 percent.
In North America, the S&P/TSX Composite index in Canada recorded gains, reaching 19,967.95 points, a rise of 47.64 points or 0.24 percent.
Also, on the positive side, the Nikkei 225 in Japan displayed robust growth, rising by 317.23 points or 1.03 percent to reach 31,233.54 points. Meanwhile, the HANG SENG INDEX in Hong Kong faced downward pressure, closing at 18,551.11 points, down 195.81 points or 1.04 percent.
In China, the SSE Composite Index exhibited a modest gain, increasing by 8.94 points or 0.28 percent to settle at 3,221.45 points. Conversely, the Shenzhen Index in China declined, closing at 10,822.09 points after a drop of 87.56 points or 0.80 percent.
In other markets, the ALL ORDINARIES in Australia gained 60.60 points or 0.83 percent, closing at 7,395.10 points, while the Australian S&P/ASX 200 saw positive movement, closing at 7,217.40 points, up 62.60 points or 0.87 percent.
The S&P BSE SENSEX in India displayed positive movement, rising by 344.69 points or 0.55 percent to reach 62,846.38 points, while the NIFTY 50 in India closed at 18,598.65 points, up 99.30 points or 0.54 percent.
Meanwhile, the IDX COMPOSITE in Indonesia faced a marginal decline, closing at 6,681.10 points after a drop of 5.90 points or 0.09 percent.
In Singapore, the STI Index closed at 3,195.22 points, marking a decrease of 12.17 points or 0.38 percent. In India, the S&P BSE SENSEX displayed positive momentum, climbing by 344.69 points or 0.55 percent to settle at 62,846.38 points. The IDX COMPOSITE in Indonesia encountered a slight decline, closing at 6,681.10 points after a decrease of 5.90 points or 0.09 percent.
Moving to New Zealand, the S&P/NZX 50 INDEX GROSS ended at 11,935.65 points, registering an increase of 105.62 points or 0.89 percent. In South Korea, the KOSPI Composite Index saw a modest rise of 4.12 points or 0.16 percent, reaching 2,558.81 points. Similarly, the TSEC weighted index in Taiwan displayed positive movement, closing at 16,636.30 points after a gain of 131.25 points or 0.80 percent.
The FTSE Bursa Malaysia KLCI in Malaysia closed at 1,404.93 points, up 1.95 points or 0.14 percent. In New Zealand, the S&P/NZX 50 INDEX GROSS closed at 11,935.65 points, a rise of 105.62 points or 0.89 percent.
In Latin America, the IBOVESPA in Brazil faced a slight decline, closing at 110,340.08 points, down 565.43 points or 0.51 percent. In Mexico, the IPC MEXICO index rose by 240.26 points or 0.44 percent, settling at 54,265.71 points. The S&P/CLX IPSA index in Chile remained unchanged, closing at 5,058.88 points with zero percent change.
Elsewhere, the TA-125 index in Israel closed at 1,772.28 points, marking a decrease of 5.05 points or 0.28 percent. In Egypt, the EGX 30 Price Return Index saw a modest increase, reaching 17,211.80 points after a rise of 80.30 points or 0.47 percent.
On foreign exchange markets, the U.S. dollar remained firm. The euro eased to 1.0708, indicating a slight decline of 0.13 percent. The Japanese yen settled at 140.46, reflecting a decrease of 0.10 percent.
The Canadian dollar fell 0.15 percent to at 1.3591.
Conversely, the British pound gained 0.15 percent to 1.2355.
The Swiss franc inched down to 0.9044, experiencing a marginal decline of 0.04 percent. Meanwhile, the Australian dollar to US dollar (registered an upward trend, rising to 0.6538, a gain of 0.33 percent.
Similarly, the New Zealand dollar saw a modest increase, rising to 0.6053, up 0.15 percent.