June S&P 500 futures (ESM23) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.18% this morning as market participants digested weak Chinese manufacturing data while nervously awaiting the final vote on the U.S. debt ceiling deal.
The debt ceiling deal struck by U.S. President Joe Biden and House Speaker Kevin McCarthy is heading toward a vote later today in the House of Representatives after clearing a key procedural hurdle. Congressmen have until Monday next week to approve a deal between Republicans and Democrats to temporarily suspend the U.S. debt ceiling and cap federal spending to prevent a U.S. default.
