US EditionGlobal Shares Mostly Decline as Markets Brace for a Possible US Government Shutdown
Investors remain cautious as U.S. markets decline ahead of a possible government shutdown while the Paris Stock Exchange holds steady amid global uncertainty.
- Global shares declined slightly amid investor concerns over the approaching U.S. government budget deadline, which raises the possibility of a shutdown.
- The shutdown risk increased after a White House meeting with President Trump and congressional leaders ended without agreement on a short-term funding bill.
- Markets faced pressure amid slipping crude oil prices, weak Chinese factory data, and mixed Asian stock performances as focus remained on an upcoming U.S. jobs report.
- U.S. crude oil prices dropped by 97 cents, settling at $62.48 per barrel, while Brent crude declined $1.02 to $66.95. Meanwhile, South Korea's Kospi index edged down by about 0.2% to 3,424.60.
- A shutdown could delay economic data releases, suspend non-essential services including the Bureau of Labor Statistics, and potentially cause large-scale federal worker layoffs amid stalled negotiations.
15 Articles
15 Articles
Markets Brace for US Government Shutdown
Global shares mostly dipped on Tuesday as investors anticipated a potential US government shutdown. Past shutdowns have been short-lived, but this one could delay economic data collection. Meanwhile, Friday's US jobs report is hoped to remain balanced enough to allow interest rate cuts by the Federal Reserve.
Global shares mostly decline as markets brace for a possible US government shutdown
Global shares were mostly lower in narrow trading Tuesday as investors braced for a possible U.S. government shutdown.France's CAC 40 dipped 0.5% in early trading to 7,845.73. Germany's DAX lost 0.1% to 23,718.17. Britain's FTSE 100 lost 0.2% to 9,282.13. U.S. shares were set to drift lower with Dow futures down 0.2% at 46,518.00. S&P 500 futures fell 0.2% to 6,703.75. In Asia, Japan's benchmark Nikkei 225 declined nearly 0.3% to finish at 44,93…
New York stock markets opened slightly lower on Tuesday. There is still no political agreement on the government budget in Washington. If an agreement between Republicans and Democrats fails to materialize, the federal government is heading for a partial shutdown. This would also cause investors to miss the crucial jobs report due Friday.
Markets Remain Relatively Unnerved Around the Looming Shutdown - Action Forex
Markets remain relatively unnerved around the looming shutdown. US Treasuries won ground yesterday, but in a global bull steepening move. We have the impression that end-of-quarter extension buying and lower oil prices (Brent $67.5/b from $69.5/b) related to rumours on another OPEC+ output rate hike next month carried at least as much weight. Daily changes on the US yield curve varied between -2.2 bps (2-yr) and -4.5 bps (30-yr) with German yiel…
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