Global benchmarks are trading mostly higher after the United States House approved a debt ceiling and budget cuts package, avoiding a default crisis. Shares are higher in early trading in France, Germany and Britain. U.S. shares were also higher. Oil prices rose. Benchmarks rose in Tokyo and Sydney, while falling in Seoul and Hong Kong. Shares were little changed in Shanghai. Regional investors are focused on worries about the Chinese economy after recent disappointing data from the nation that's a key driver of regional growth. A Federal Reserve official hinted the central bank may hold rates steady at its next meeting.
