Global markets look primed for a relief rally after US negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has weighed on risk sentiment in recent weeks.
American equity futures made modest gains after Friday’s strong showing on Wall Street, while Treasury futures were mixed in the absence of cash trading. The US dollar, which has benefited from angst around the statutory borrowing limit, erased an earlier loss amid thin liquidity, with US and UK markets closed for national holidays.
