Reuters

President Donald Trump forged a surprising deal with Democrats in Congress on Wednesday to extend the U.S. debt limit and provide government funding until Dec. 15.

The Bank of Canada raised interest rates on Wednesday, surprising many, and said future moves will be guided by economic data, financial market developments and the sensitivity of indebted households to higher rates.

Euro zone bond yields drifted higher on Wednesday, reversing early falls, as the impact of strong gains in the U.S. bond market faded and focus turned to higher oil prices and the need for caution a day before a keenly anticipated ECB meeting.

Oil prices rose on Wednesday as strong global refining margins and the reopening of U.S. Gulf Coast refineries provided a more bullish outlook after sharp drops due to Storm Harvey.

Resolving the North Korean nuclear crisis is impossible with sanctions and pressure alone, Russian President Vladimir Putin said after meeting his South Korean counterpart on Wednesday, again urging dialog to achieve progress.

The dollar edged down against the yen on Wednesday, pushed back toward a recent 4-1/2-month low by simmering tensions on the Korean peninsula and by comments from a Federal Reserve official about subdued U.S. inflation.

Gold held steady on Wednesday as heightened geopolitical risks over North Korea and concerns about low inflation in the United States that could delay another rate hike, lent some support.

Asian stocks on Wednesday tracked Wall Street’s slide overnight while the dollar was on the defensive with tensions in the Korean Peninsula showing few signs of abating.

U.S. Treasury yields fell on Tuesday as worries about further nuclear tests from North Korea that stoked tensions with the United States.

The euro drifted in a narrow range on Tuesday as simmering geopolitical tensions put investors off adding big bets before a European Central Bank meeting this week when policymakers might voice some concerns about the single currency’s strength.