Stock market today: Asian markets mixed as US government debt talks push toward brink of default

Asian markets turned mostly higher Friday amid signs that Congress may reach a deal on the U.S. government debt that would forestall a potentially calamitous default.  

U.S. futures and oil prices also advanced.  

President Joe Biden and House Speaker Kevin McCarthy were narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling. The Democratic president and Republican speaker hope to strike a budget compromise this weekend.