For subscribers

Market Watch

Markets could soar with US debt ceiling deal, but Congress approval is needed to sustain a rally

Sign up now: Get ST's newsletters delivered to your inbox

The debt ceiling negotiations will loom large over the market this week. Spencer Platt/Getty Images/AFP (Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The debt ceiling negotiations will loom large over the market this week.

PHOTO: AFP

Follow topic:

SINGAPORE – Markets could soar this week following

a tentative deal on the US$31.4 trillion (S$42.4 trillion) debt ceiling

hammered out by House Republican leader Kevin McCarthy and US President Joe Biden.

In fact, optimism about a deal being close at hand already sent stocks northwards during the final session of last week.

See more on