The US government shutdown is approaching its end.. How did the markets respond?
Global markets breathed a sigh of relief, today, Monday, after the progress made to end the government closure, which is considered the longest in history, as stock markets recorded notable increases, while oil rose and Futures indicates that index "Standard & Poor’s 500" It may rise by 0.7% when trading begins later today, while the "Nasdaq" Technology stocks rose 1.2% in pre-market trading.
In Asia, the approaching end of the 40-day lockdown was met with widespread optimism, as Japan’s Nikkei 225 index rose 1.2%, while MSCI’s broader index of Asia-Pacific stocks outside Japan rose 1.3%.
In Europe, the STOXX 600 European stock index, which tracks the 600 largest companies in European stock markets, up 1% in early trading.
Oil rises and the dollar rises against the yen
Oil prices are also rising, reflecting hopes that the economic damage caused by the government shutdown will end soon, and Brent crude rose 0.7%, reaching just over $64 a barrel.
Meanwhile, the US dollar rose 0.4% against the Japanese yen, reaching 154 yen to the dollar. Senate The bill ultimately must be approved by the House of Representatives and sent to President Donald Trump for his signature, a process that could take several days.
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