U.S. equity futures rose and contracts for Asian benchmarks gained on Tuesday after Republican House Speaker Kevin McCarthy said he’d had productive talks with President Joe Biden on the debt ceiling.

A mildly positive and cautious tone flowed through Asian stocks, with benchmark indices trading higher in Hong Kong, Japan, South Korea, and Australia. While Biden said that he and McCarthy had agreed that default was off the table in ongoing talks, investors remain on tenterhooks.

Contracts for the S&P 500 and the Nasdaq 100 increased about 0.3%; an index of Asian shares also rose 0.3%; and Euro Stoxx 50 futures climbed 0.2%.

This followed fluctuating fortunes in U.S. markets on Monday, with the S&P 500 drifting between gains and losses before closing flat. The tech-heavy Nasdaq 100 advanced 0.3%, though chipmakers were under pressure after China said products by Micron Technology Inc. failed a cybersecurity review.

Meanwhile, the yield on 10-year treasuries in the U.S. was trading at 3.72%. Crude was trading above the $76 mark, while Bitcoin advanced above the $27,000 level.

At 7:39 a.m., the Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 0.16% at 18,364.

Domestic benchmarks extended gains to close in the green, with Adani Group stocks leading the rally along with Infosys Ltd. and Tata Consultancy Services Ltd.

The Indian rupee closed lower against the U.S. dollar for the fourth day as the greenback grew stronger in the overseas market.

Foreign portfolio investors turned buyers after a day, raking in shares worth Rs 922.89 crore. Meanwhile, domestic institutional investors remained buyers for the second day in a row and bought stocks worth Rs 604.57 crore, the NSE data showed.