US EditionWhat a US Government Shutdown Means for Markets
19 Articles
19 Articles
Why the Swiss bank estimates that a possible US government shutdown will have a short-term and mild impact on the markets - What it "sees" for bonds, stocks, gold and foreign exchange
Times of India
The Economic TimesAsian shares flat; gold hits record, dollar drops on shutdown fears
Global markets reacted to US government shutdown fears. Gold reached a new record high. The dollar saw losses. US equity futures dipped while Asian shares remained flat. Treasuries gained. Investors worried about delayed economic data, including the jobs report. China announced capital to boost growth. Australia's central bank held rates steady. Oil prices declined.
FINANCES.— Gold rose to another historic peak, extending Monday’s rally, with the prospect of an imminent closure of the U.S. government that clouds the Federal Reserve’s monetary policy path in the face of next month’s interest rate decision. The bullion advanced up to 0.9% to reach $3,867.25 an ounce, surpassing the peak reached at the previous session, when it closed with a 2% gain. A meeting between the main leaders of Congress and President…
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