June S&P 500 futures (ESM23) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.02% this morning as the U.S. debt ceiling impasse kept risk sentiment fragile, while market participants awaited U.S. business activity data.
President Joe Biden and House Speaker Kevin McCarthy ended discussions on Monday with no agreement on how to lift the U.S. government’s $31.4 trillion debt ceiling. However, they pledged to continue their talks. Also, the Democratic president and the top congressional Republican expressed optimism over ongoing talks and downplayed fears of a U.S. default.
