US debt ceiling talks resume after impasse
SP 500, Nasdaq end higher as tech sector gains
G7 to cut China trade reliance, Beijing partially bars Micron

SYDNEY, May 22 Reuters Wall Street shares were mixed and European stocks finished littlechanged as talks in Washington resumed to avert a U.S. default, while gold prices retreated under pressure from hawkish remarks by Federal Reserve officials.

Oil prices finished higher on demand optimism. U.S. treasury yields rose.

House Republican Speaker Kevin McCarthy said Monday morning39;s debt talks were on the right path ahead of a meeting with U.S. President Joe Biden. June 1 remains a hard deadline after which Treasury expects the federal government will struggle to pay its debts, a stance the agency reiterated on Monday.

A failure to lift the debt ceiling would trigger a default, likely sparking chaos in financial markets and a spike in interest rates.

The MSCI world equity index, which tracks shares in 49 nations, gained 0.19.

The SP 500 edged up 0.02 to end the session at 4,192.63 points and the Nasdaq gained 0.50 to 12,720.78 points, buoyed by technology sector gains. The Dow Jones Industrial Average declined 0.42 to 33,286.58 points.

Europe39;s STOXX 600 index was littlechanged, recovering earlier losses.

There is broad expectation that a deal will get done in Washington. The market is responding to that, said Quincy Krosby, chief global strategy at LPL Financial in Charlotte, North Carolina.

There has been…