LONDON—European stock indexes slipped slightly on Monday, lacking momentum in thin trade while optimism about the U.S. having reached a debt ceiling deal over the weekend kept Wall Street futures positive.
U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise the federal government’s $31.4 trillion debt ceiling, aiming to stop the U.S. from defaulting on its debt. The deal is expected to provide only short-term relief for markets, as worries linger about inflation and further rate increases.
Asian stocks mostly rose, with Tokyo’s Nikkei surging to a new 33-year high. But Chinese stocks fell after data showing profits slumping at China’s industrial firms was the latest sign of an economic slowdown there….