Global Markets Climb as US Government Reopens
The 43-day government closure concluded when US President Donald Trump signed a temporary budget bill approved by Congress, allowing government operations to resume.
Trump criticized Democrats for attempting to “extort American taxpayers” during the shutdown and encouraged voters not to “forget this” in the upcoming midterm elections.
On Wall Street, the S&P 500 edged up 0.06%, while the Dow Jones Industrial Average rose 0.68% on Wednesday, marking a record closing.
The Nasdaq composite, however, slipped 0.26%. Following the government’s reopening, US index futures started Thursday on a higher note.
Yields on 10-year US Treasury notes, which had dipped to 4.06% on Wednesday, stabilized near 4.09%. Meanwhile, the dollar index rose 0.1% to 99.5, ending a four-day decline.
Gold continued its upward trend for a fifth consecutive session, climbing 0.3% to $4,208 per ounce. In contrast, Brent crude saw a minor drop of 0.1%, settling at $62.50 per barrel.
European equities also finished Wednesday positively, anticipating an end to the US shutdown, and opened higher following the government’s reopening.
In the previous session, the UK’s FTSE 100 advanced 0.12%, Italy’s FTSE MIB 30 increased 0.80%, France’s CAC 40 added 1.04%, and Germany’s DAX 40 climbed 1.22%.
Futures for European indexes suggested further gains on Thursday.
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