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GLOBAL MARKETS-Shares Rise on Optimism over Potential End to US Government Shutdown
Senate advances a funding bill to end the 39-day shutdown, boosting investor confidence and lifting S&P 500 futures by 0.5%, Nasdaq 100 futures by 0.7%.
- In Asian trading, U.S. stock futures rose as lawmakers neared a deal to end the 39-day government shutdown, with S&P 500 futures up 0.5% and Nasdaq 100 futures 0.7% higher.
- After Democrats broke with party leadership, the Senate voted 60-40 to advance a funding bill through January, with Senate Majority Leader John Thune saying negotiations are 'coming together' as a vote is expected Sunday.
- Japan's Nikkei moved higher, tracking U.S. futures, climbing 0.9% to 50,728.56 as 68% of Tokyo Stock Exchange prime market stocks rose, led by Advantest up 3.71%, Tokyo Electron up 4.36%, and SoftBank Group up 2.24%.
- The proposed deal would reopen the government into January and reverse recent mass federal layoffs, but the discussed funding package still needs U.S. Senate final approval, House passage, and President Donald Trump's signature.
- The shutdown has suspended key labor data, including the BLS jobs report, while layoffs surged 183% last month and Revelio Labs estimated 9,100 jobs lost, heightening investor caution.
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18 Articles
18 Articles
US Stock Futures Rise on Hopes of End to Government Shutdown
·New York, United States
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GLOBAL MARKETS-Shares rise on optimism over potential end to US government shutdown
GLOBAL MARKETS-Shares rise on optimism over potential end to US government shutdown Global shares got a lift in Asia on Monday on optimism that an end to the historic U.S. government shutdown could be in sight, while the dollar was nursing losses from last week.The U.S. Senate on Sunday moved toward a vote on reopening the federal government, a day after Senate Majority Leader John Thune said bipartisan talks in the chamber to end the shutdown h…
·India
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Coverage Details
Total News Sources18
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
Factuality
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