US stock index futures rose slightly before the opening bell on Thursday, as optimism surrounding the debt ceiling spurred a global market rally and bet that the United States may avoid an economic recession. In recent days, concerns have been mounting that the impasse in Washington could push the US into uncharted default territory.
As of press time, Dow Jones Industrial Average (DJIA) futures rose 0.1%, S&P 500 futures rose 0.2%, and Nasdaq futures rose 0.2%.
Germany’s DAX index rose 1.6%, the UK’s FTSE 100 index rose 0.5%, France’s CAC40 index rose 0.9%, and the Europe Stoxx 50 index rose 1.2%.
Wall Street hopes the debt ceiling crisis can be resolved quickly. US President Biden expressed confidence that the US will not default, while House Speaker McCarthy said reaching an agreement this week is “doable”.
