Morning Bid: Debt impasse dominates in big day for politics
A look at the day ahead in European and global markets from Kevin Buckland.Politics has the spotlight at the start of a new week, falling chiefly - still - on the U.S. debt ceiling standoff.Talks between President Joe Biden and lawmakers look likely to resume on Tuesday, after getting postponed on Friday.Despite that setback, and deep partisan rifts, both Biden and analysts say there are signs of progress. Biden is confident enough that he's still planning on boarding a Wednesday flight to Hiroshima for the G7 summit.Investors, though, clearly want to see ink on paper. Equity markets weakened around most of Asia on Monday - with the notable exception of Japan - after the U.S. budget office backed the idea that Treasury funds will run out at the start of next month.Currency markets thoug...
