Global investors still uncertain about whether US default crisis is averted 

Some are wary that proposed spending cuts could weigh on US economic growth.

US president Joe Biden speaks in the Roosevelt Room of the White House on Sunday about the debt deal he reached with Republican Kevin McCarthy.

Global investors are trying to work out how a tentative deal to raise the US debt ceiling could ripple through markets, following an agreement to get it through Congress before a June 5 deadline.

A deal to lift the $31.4 trillion (€29.3trn) debt limit announced by the White House and House Republicans over the weekend would avert a catastrophic US default and boost overall appetite for risk, while also buoying some of the sectors that have been left behind in this year’s tech-led rally, investors said.