European stocks rose early Thursday and received a boost after a leading Republican offered an opportunity to temporarily break a looming deadline for raising the US debt ceiling.
Senate minority leader Mitch McConnell said his party would not prevent a short-term extension of the debt ceiling, an offer several Democrats would accept. The process will likely still result in another showdown in December, but right now it doesn't look like the world's largest economy is going to fail to honor its commitments.
The Stoxx Europe 600
rose 0.9% to 455.56.
The Spanish energy supplier Iberdrola is one of the winners
, Technology investor Prosus
and luxury goods manufacturer Kering
Prosus was from the rally in Tencent. inspired
the Chinese tech giant in which an interest is held. The Hang-Seng
rose by almost 3%.
The German DAX is one of the major regional indices
increased by 1.1%, the French CAC 40
rose 1.1% and the UK's FTSE 100
increased by 1%.
Futures on the S&P 500
up 0.6% after a surge in the S&P 500