Stock Markets Rise on Hopes of US Debt Ceiling Deal Before Tensions Re-Emerge

European and US stock markets increased due to optimism about an agreement to raise the US debt ceiling.
Discussions between Republicans and Democrats on raising the debt ceiling led to gains before tensions re-emerged when a Republican negotiator said talks were "on pause."
Strong company results and economic data also contributed to gains in stock markets.
The rise in stock markets came despite multiple interest rate hikes by the Federal Reserve to curb high inflation.
Shares of individual companies like Walmart, Netflix, and Micron Technology saw significant increases while Foot Locker and athletic apparel companies declined.