Global market: Asian shares rise, US stock futures gain on ‘productive’ debt talks

News Snapshot:

Asian markets traded higher Tuesday following mixed cues from the US stocks after President Joe Biden and House Speaker Kevin McCarthy said they had a “productive talk" on the debt ceiling. The negotiations between US President Joe Biden and House Speaker Kevin McCarthy on how to raise the US government's $31.4 trillion debt ceiling failed to reach an agreement and concluded without a deal, but they vowed to continue the talks. Investors remained cautious amid mildly positive signs that both the leaders agreed default was off the table in ongoing talks. The US stock futures climbed with the S&P 500...