Investors are keeping a close eye on the U.S. debt ceiling stand-off as President Joe Biden and House Speaker Kevin McCarthy attempt to reach an agreement. Meanwhile, corporate news from Target and Home Depot is in focus, while the health of the U.S. real estate market will be examined with the release of the housing starts and building permits figures for April. Oil prices are edging higher, while gold and the EUR/USD are trading lower. Investors will be looking to the official U.S. government data on crude and product stockpiles from the Energy Information Administration later in the session.
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