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S&P 500: 7554.29 ▲ +1.65% Dow Jones: 51671.03 ▲ +0.92% Nasdaq: 26683.94 ▲ +3.07% DAX: 24894.01 ▲ +1.05% FTSE 100: 10430.62 ▼ -0.39%
S&P 500: 7554.29 ▲ +1.65% Dow Jones: 51671.03 ▲ +0.92% Nasdaq: 26683.94 ▲ +3.07% DAX: 24894.01 ▲ +1.05% FTSE 100: 10430.62 ▼ -0.39%

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Global Markets Climb Despite U.S. Shutdown Uncertainty

•  Global stock markets rose, led by gains in technology stocks, as investors digested the implications of a U.S. government shutdown. 

•  A weak private-sector employment report from ADP, showing a loss of 32,000 jobs in September and downward revisions for August, strengthened expectations for Federal Reserve rate cuts later in the year. 

•  Because of the shutdown, key government data releases (like the official non-farm payrolls report) are likely to be delayed, introducing more uncertainty into the Fed’s policy outlook. 

•  The shutdown itself led to partial furloughs of federal agencies, notably with most staff at the SEC being put on leave, affecting regulatory processes and market oversight. 

•  Gold prices soared to near-record levels, while U.S. Treasury yields declined, reflecting investor demand for safer assets amid volatility and the prospect of looser monetary policy. 

•  Oil prices saw modest rises, partly driven by concerns over potential Russian export disruptions and geopolitical risk factors. 

•  Despite these headwinds, markets remain relatively resilient; historically, government shutdowns have had limited long-term impact on equities, though the delay in data could boost short-term volatility.


Source: reuters.com


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