Global markets: Asian shares trade flat, Wall Street futures decline as US debt ceiling talks reach crunch time

Asian markets traded flat while Wall Street futures declined Monday as the negotiations on the debt ceiling neared its critical time, while fresh geopolitical worries dampened investor sentiment. US President Joe Biden and House Republican Speaker Kevin McCarthy will meet on Monday to discuss the debt ceiling. The meeting comes less than two weeks before the June 1 deadline after which Treasury expects the federal government will struggle to pay its debts, Reuters reported. The S&P 500 futures declined 0.1%, while Nasdaq futures traded flat in early trade on Monday. US markets declined on Friday amid reports of debt ceiling…