US House Speaker McCarthy: Debt ceiling negotiators are still far apart

US House Speaker Kevin McCarthy told reporters on Monday that Congressional and White House negotiators were still far apart in talks to raise the debt ceiling to avoid a default, as reported by Reuters.

Market reaction

Markets remain cautious following these comments. As of writing, the Dow Jones Industrial Average and the S&P 500 indexes were down between 0.15% and 0.1%.

In the meantime, the US Dollar stays on the back foot against its major rivals with the US Dollar Index losing 0.22% on the day, slightly below 102.50.