Stock markets in Europe & Asia rose on Thursday, following a surge on Wall Street amid optimism over negotiations to prevent a disastrous United States (US) debt default.

With Democrats & Republicans failing to come to an agreement as the due date for raising the country’s borrowing ceiling approaches, markets have been uneasy in recent sessions.

The President Biden’s decision to shorten his trip to the G7 conference have given markets confidence that a debt limitation solution will be forthcoming.“

“I’m confident that we’ll get the contract that we require on the budget and that US will not default.”