RIO News: FTSE 100 and European stocks higher on US debt deal - 2nd Jun 2023, 5:59pm

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FTSE 100 rose as investors adopted a risk-on mood following the US Senate's decision to pass a deal to avert a debt default. Photo: Kevin Lamarque/Reuters

The FTSE 100 and European stocks opened higher this Friday amid the passage of the US debt ceiling bill and an expected pause in the US’s cycle of interest rate hiking.

The FTSE 100 (^FTSE) rose 0.45% to 7,523 points at the open, while the CAC 40 (^FCHI) in Paris gained 0.72% to 7,188 points. In Germany, the DAX (^GDAXI) fell 0.68% to 1...

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