US EditionAsian Shares Are Mixed as Markets Shrug Off a Likely US Government Shutdown
Investors seek to sustain gains after a 7.4% quarterly rise amid uncertainty from a possible U.S. government shutdown and delayed economic data impacting Federal Reserve decisions.
- Asian shares showed mixed performance on October 1 as markets in China closed for a weeklong National Day holiday amid a looming U.S. government shutdown.
- The shutdown risk emerged because Democrats and Republicans failed to resolve funding differences by the Tuesday fiscal year-end deadline, with neither side backing down.
- The shutdown would halt non-essential government operations, delay key labor reports including Friday's job creation data, and strain the already weakened Bureau of Labor Statistics.
- President Trump predicted a shutdown and potential mass layoffs, while analysts like Stephen Innes warned the Fed would lack critical job market data to guide rate decisions.
- Markets remained cautious but resilient with the S&P 500 posting a fifth consecutive monthly gain and gold hovering near record highs amid uncertainty over the shutdown's economic impact.
55 Articles
55 Articles
Associated Press News
Wall Street brushes off DC's shutdown, but yields sink on discouraging data about the economy
Wall Street still doesn’t seem to care much about the latest shutdown of the U.S. government, as stocks drift around their records. The S&P 500 rose 0.1% Wednesday.
Watauga Democrat
Asian stocks mixed, Wall St futures drop as US heads for shutdown
Asian markets stuttered, US futures fell and gold hovered near record highs Wednesday after lawmakers in Washington failed to reach a deal to avert a government shutdown.
Asian shares are mixed as markets shrug off a likely US government shutdown - The Morning Sun
Shares were mixed in Asia on Wednesday, with Chinese markets closed for a weeklong holiday, as a U.S. government shutdown loomed. Japan's Nikkei 225 index shed 1.2% to 44,411.26 after the Bank of Japan reported a slight improvement in business sentiment among major manufacturers. The BOJ's quarterly tankan adds to the likelihood the central bank will raise its key interest rate soon, to counter inflation that has topped its target range of about…
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
