US EditionPublished • loading... • Updated
Wall Street Pushes Higher as Threat of US Government Shutdown Looms
Asian share markets showed mixed performance as investors weighed risks of a US government shutdown that could delay economic data and slightly reduce growth by 0.1% weekly, analysts said.
- On Monday, Asian share markets opened cautiously as investors braced for a possible U.S. government shutdown with odds climbing above 60% by October 1.
- Congress is deadlocked over funding priorities, and a government shutdown happens when funding bills fail this coming week, forcing agencies to halt or reduce operations.
- Despite cautious trading, Hong Kong's Hang Seng and Shanghai Composite each rose 0.9%, while Australia's S&P/ASX 200 and South Korea's Kospi also climbed.
- Analysts warn a shutdown could leave the Federal Reserve without key data, the judiciary may be limited after October 3, and prediction markets price a partial shutdown as likely.
- If gridlock persists, credit and Treasury markets could face pressure as Moody's downgraded the U.S. credit rating to Aa1 and JPMorgan's trading desk flagged a shutdown 'tail risk' Monday.
Insights by Ground AI
Podcasts & Opinions
76 Articles
76 Articles
Associated Press News+3 Reposted by 3 other sources
Asian shares trade in a narrow range as traders brace for a possible US government shutdown
Asian shares are little changed in narrow trading as investors brace for a possible U.S. government shutdown. U.S. futures were flat early Tuesday and oil prices fell.
·United States
Read Full Article
Wall Street: Μικρά κέρδη στους δείκτες - Ωθηση από τον τεχνολογικό κλάδο
Συγκρατημένοι οι επενδυτές, καθώς ανησυχούν για την απειλή του shutdown του αμερικανικού Δημοσίου τα μεσάνυχτα της Τρίτης 30/9, που θα «παγώσει» και την ανακοίνωση κρίσιμων από τις αποφάσεις της Fed οικονομικών στοιχείων - Στο επίκεντρο και οι νέοι δασμοί Τραμπ
Coverage Details
Total News Sources76
Leaning Left10Leaning Right12Center22Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 23%
C 50%
R 27%
Factuality
To view factuality data please Upgrade to Premium
