WASHINGTON: Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline.
A deal to lift the US$31.4 trillion (RM144.5 trillion) debt limit announced by the White House and House Republicans last Saturday would avert a catastrophic US default and boost overall appetite for risk, while also buoying some of the sectors that have been left behind in this year’s tech-led equity rally, such as cyclical stocks and small caps, investors said.
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