Major stock markets mixed after US debt ceiling agreement; tech companies gain ahead of Nvidia's AI announcements
- European stock markets stabilized with reduced trading volumes due to UK and US holidays.
- US futures indicate a slight increase after provisional agreement to raise debt ceiling, but approval from Congress is still needed.
- European stock markets closed slightly lower on Monday while London and New York stock markets were closed for holidays.
- New York Stock Exchange opened with mixed results on Tuesday as tech companies saw gains following Nvidia's announcement on AI products and partnerships..
- Agreement on the US debt ceiling suspension until January 2025 has been reached between the White House and Republicans decreasing the risk of a short-term default.