Stock Market Today: Global Stocks, Wall Street Futures Rise on Hopes for US Debt Deal

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), (L), and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, on May 18, 2023. Lee Jin-man/AP Photo

BEIJING—Global stock markets and Wall Street futures rose Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt.

London and Paris opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices edged lower.