Europe is pointing lower at the beginning of the session. Asia adds gains for the third day

Major European indices are pointing to an early session in the red, after two bullish sessions last weekend in which they were encouraged An agreement in the US Congress to suspend the debt ceiling in the United States.

President Joe Biden this weekend signed the document allowing the Treasury Department to begin making payments, after months of turmoil.

Investors will also assess the participation of European Central Bank President Christine Lagarde in the European Parliament, a week before the next ECB monetary policy meeting.

In Asia, the session turned green for the second day in a row, on the day that Japanese listed companies led the gains, with investors gaining more appetite for risk.

This, at a time when concerns about a global recession are being reduced and the possibility of US federal interest rates remaining unchanged at the next monetary policy meeting is being assessed.

In Tokyo, the Nikkei rose more than 2%, ending the session at its highest level since July 1990. “Japanese stocks will likely outpace other developed markets this year,” analyst David Zhao of Invesco Asset Management told Bloomberg.

However, Zhao remains “cautiously optimistic” as Japanese stock markets have been experiencing high volatility, but “domestic and global demand dynamics have been off to a promising start.”

In China, Shanghai is up 0.1% and in Hong Kong, Hang Seng is up 0.5%. In South Korea, the Kospi rose 0.6%, while Japan’s Topix jumped 1.4% and the Nikkei rose 2.1%.