loading...
S&P 500: 7398.90 ▲ +0.49% Dow Jones: 49609.20 ▲ +0.06% Nasdaq: 26247.08 ▲ +1.11% DAX: 24338.63 ▼ -0.45% FTSE 100: 10233.10 ▼ -0.43%
S&P 500: 7398.90 ▲ +0.49% Dow Jones: 49609.20 ▲ +0.06% Nasdaq: 26247.08 ▲ +1.11% DAX: 24338.63 ▼ -0.45% FTSE 100: 10233.10 ▼ -0.43%

News OPES Family Office

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


Call Now for more details
Write Us on Whats App
Developed by Playground Media