as US President Joe Biden and Republicans finally clinched a deal to raise the country’s debt ceiling, ending weeks of pain for sharemarkets and bonds.ASX futures up 70 points or +1.0% to 7245 near 4.17am AESTIn New York: BHP +3.0% Rio +2.9% Atlassian +4.6%On bitstamp.net, bitcoin was +2.3% to $US27,353 near 4.
12am AESTIf Wall Street were open today, it would be ready for a relief rally. With days to spare before a potential first-ever government default, US President Joe Biden and House Speaker Kevin McCarthy were finalising a deal to raise the nation’s debt ceiling while trying to wrangle enough Republican and Democratic votes to pass the measure in the coming week.
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