Futures on Wall Street report a positive trend, thanks to the easing of fears about the risk of the United States defaulting on its debt.
Dow Jones futures rose 0.58% to 34,490 points; futures on the S&P 500 advanced by 0.70% to 4,384 points, futures on the Nasdaq jumped by 0.96% to 14,901 points.
After US President Joe Biden’s thrust against the Republicans, responsible in his view for the inability of Congress to suspend or raise the ceiling on US debt, Mitch McConnell, leader of the Republican minority in the Senate, has proposed a suspension of the ceiling for a short time. term. Objective: to avoid the default, which would occur if the debt limit was not raised or suspended by the deadline of 18 October.
McConnell also reiterated that Republicans would help Democrats speed up an eventual reconciliation process aimed at raising the limit, should the Democrats want to resolve the issue before the October 18 deadline.
However, the reaction of the White House was icy, with spokeswoman Jen Psaki who expressed herself as follows:
“Based on what is learned, no formal offer has been made, and a press release is not a formal offer. In any case, the scant details that have been disclosed present a more complicated and more difficult option than that. which would be obvious: reach an agreement today, without going long, without going through a difficult path that brings with it, with each passing day, additional risks “.
McConnell’s statements raised sentiment, however, and Wall Street managed to close positively.
The Dow Jones finished yesterday’s session up 102.32 points to 34,416.99, while the S&P 500 gained 0.41% to 4,363.55. The Nasdaq Composite rose 0.47% to 14,501.91.
No alerts from the US Treasury market, where ten-year yields remain unchanged at 1.52%.
Withdrawal due to oil prices, which move away from the highs tested in recent days, following the decision of OPEC +.
Prices fall for the second consecutive session, after the release of data on US stocks: the EIA agency has announced that US crude oil stocks rose by 2.3 million barrels last week, compared to a decline of 418,000 barrels waiting.
Stocks of petrol are also growing, while those of distillates have marked a slight decline. WTI futures retreated more than 1.3% to $ 76.40 a barrel, while Brent futures fell -0.88% to $ 80.37.