Shans
2021-10-07
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Stocks open higher with Congress set to delay debt-ceiling showdown
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European equities rebounded, with the European Central Bank said to bestudyinga new bond-buying program as emergency programs are phased out. A bounce in Hong Kong-listedtechnology firmsboosted Asian stocks.</p>\n<p>Markets have been buffeted in the past month by worries about the energy crisis, elevated inflation, reduced stimulus and slower growth. The prospect of adealto boost the U.S. debt limit into December is easing concern over political bickering, while Friday’s payrolls report may shed light on the the Federal Reserve’s timeline to cut bond purchases.</p>\n<p>Oil extended its decline from a seven-year high as U.S. stockpiles grew more than expected, and European natural gas prices tumbled on signals from Russia it mayincrease suppliesto the continent. 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