BEIJING—Global stock markets and Wall Street futures rose Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt.
London and Paris opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices edged lower.
“Markets are now fully pricing an in-time resolution of the crisis,” said Clifford Bennett of ACY Securities in a report. “No one wants to sell ahead of an announcement of a deal being made.”
In early trading, the FTSE in London rose 0.7 percent to 7,776.24. The DAX in Frankfurt gained 1.5 percent to 16,187.47 and the CAC 40 in Paris advanced 0.9 percent to 7,468.73….