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Global Markets See Positive Impact From U.S. Debt Ceiling Suspension, Cryptocurrency Surges

The suspension of the U.S. government's debt ceiling until 2025 has had a positive impact on the global market, with Asian shares and U.S. stock futures seeing a boost. The S&P 500 and Nasdaq futures experienced a 0.2% and 0.4% increase, respectively, while MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.3%. However, China's bluechips and Hong Kong's Hang Seng index saw a slight dip due to weakened profit data from China's industrial firms. The announcement of the deal also caused a surge in the cryptocurrency market, with Bitcoin and Ethereum registering over 3% growth.

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