Friday, 8 October 2021

Markets rise, US reaches debt ceiling deal

Markets rose on Thursday.

The S&P 500 rose 0.8 percent, the STOXX Europe 600 jumped 1.6 percent and the Nikkei 225 rose 0.5 percent.

US stocks were boosted by news that lawmakers had reached a deal on a short-term debt ceiling increase.

Economic data on Thursday were mixed.

The US reported that initial filings for unemployment benefits totalled 326,000 for the week ended 2 October, down from the previous week’s 364,000.

However, Germany reported that industrial output fell by 4 percent in August following an increase of 1.3 percent in July.

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