Major indices in US increase amid signs of debt deal - ZENMoney

In US markets, Major Indices rose amid signs that lawmakers could reach a deal before the government loses its ability to borrow money in 3 days. The lack of an expected deal over the weekend to avert a looming US debt default along with a weaker than expected China data limited the gains in the indices.

On the European front, the British Bench mark rose due to rise in catalytic converter maker Johnson Matthey on the back of an analyst rating upgrade and as US lawmakers continued talks to raise the sovereign borrowing limit with three days to go before it lapses coupled with gains in oil firms. Vodafone Group gained after the telecom firm said that it completed the takeover of Kabel Deutschland Holding AG.

Nikkei opened on a positive note during the morning session on the back of a rebound in the US markets and on expectations of an imminent deal to reopen the US government and avert a possible debt default, though the squabbling in Washington kept markets on edge ahead of Thursday's deadline. A strengthening Yen against US dollar limited the gains in the indices.

Source : Equity Bulls

Keywords