U.S. shares rally on new federal debt ceiling

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Source: Reuters
© Scanpix/FP
Wall Street increased on Thursday as the U.S. President Barack Obama and Senate leaders found an agreement on a new federal debt ceiling reopening the federal government and avoiding a catastrophic scenario of the country's default.  The Dow Jones industrial average added 1.36% to 15,373.83, the S&P 500 Index rose 1.38% to 1,721.54 and the Nasdaq gained 1.20% to 3,839.43.

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Thu, 17 Oct 2013 07:04:08 GMT

WTI oil fluctuates as Barack Obama signs debt limit deal

West Texas Intermediate oil fluctuated on Thursday following the largest increase in a week after the U.S. President Barack Obama signed a deal opening the federal government and ending speculation of the world's biggest oil producer's default. WTI for November settlement slipped 7 cents to $102.22 a barrel on the NYMEX as of 12:50 p.m. in Singapore.

Thu, 17 Oct 2013 06:42:04 GMT

Stocks from Japan to Australia rally on U.S. deal

Asian and Pacific stocks rallied on Thursday after a debt limit deadlock ended yesterday when the U.S. President Barack Obama and House Republicans agreed on a new federal debt ceiling avoiding the country's default. The MSCI Asia-Pacific Index outside Japan advanced to the highest level in a five-month period and was traded 0.4% up, while Japan's Nikkei added 1.2% to

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