US EditionGLOBAL MARKETS-Shares Rise on Optimism over Potential End to US Government Shutdown
A bipartisan Senate deal may end the 39-day shutdown, reopening the government and reversing federal layoffs, boosting global markets and investor confidence, sources say.
- On Sunday, U.S. stock futures rose Sunday night and European stocks are expected to rally, giving investors a boost after last week.
- Senate negotiators are debating a bipartisan Senate deal that would reopen the government into January and reverse some recent mass federal layoffs, People familiar said enough Democratic senators had agreed to clear a 60-vote minimum threshold.
- Asia Pacific markets traded higher as investors assessed China’s October inflation data, awaited earnings from Hannover Re and MedioBanca, and prepared for the COP30 climate summit on Monday.
- Index projections show the U.K.'s FTSE up 0.90%, Germany's DAX 1.50%, France's CAC 40 1.40%, and Italy's FTSE MIB 1.54%, after Senate lawmakers took a critical step late Sunday evening.
- Concerns about lofty valuations meant that last week, artificial intelligence-related stocks dominated market sentiment while consumer sentiment fell to its lowest in over three years during the shutdown.
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As expected, US stock markets opened significantly higher, with the AEX holding firm. Due to the temporary way out of the shutdown, investors are temporarily less concerned about the high valuations of AI companies, which are among the strongest gainers.
World markets rise today Monday after the U.S. Senate approves the first phase of a bipartisan agreement that could put an end to the longest closure in the history of the U.S. government.The pact, which would finance the government until January 30 next year, could also reverse some of the permanent layoffs that occurred during the 35 days of paralysis.The expectation of a resolution generated relief among investors, after a week marked by the …
The Independent
The Independent (US)Senate kicks off votes to end shutdown as Chuck Schumer faces criticism: Live
If the funding bill passes in the Senate, the House will have to approve it next
Rally in Europe, strong gains in Asia - Kospi up over 3%, US futures strengthen, commodities strengthen
One News Page
velvetclassic.netMarkets rally on relief over US shutdown breakthrough – business live
Rolling coverage of the latest economic and financial news Senate advances funding bill to end longest US government shutdown in history Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. After some jittery sessions last week, the markets…
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