Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2023 05 29T072928Z 2 LYNXMPEJ4S054 RTROPTP 4 EUROPE STOCKS
2023 05 29T072928Z 2 LYNXMPEJ4S054 RTROPTP 4 EUROPE STOCKS

European shares rise on US debt deal optimism


European shares rise on US debt deal optimism

(Reuters) – European shares rose on Monday as investors drew comfort from a tentative deal reached by U.S. lawmakers to raise the debt ceiling and avert a default.

The euro zone stocks index climbed 0.4% by 0715 GMT, with the bloc’s banks among the top gainers. Trading volumes were light, with markets in the United States, the UK and several European countries closed.

U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.

Shares of SBB jumped 6.2% after the struggling Swedish real estate group said it is broadening an ongoing strategic review, and options could include the sale of the company, business segments or assets. Fitch on Friday cut its credit rating to so-called junk status, citing insufficient deleveraging.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

Meanwhile, Turkish President Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies, which have polarised the country and strengthened its position as a regional military power.

 

(Reporting by Sruthi Shankar in Bengaluru; Editing by Sherry Jacob-Phillips)

 

Recent Post: