(Bloomberg) — US stock futures rose along with Asian equities after a deal was reached on the weekend to avoid an American government shutdown. Treasuries fell.
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Futures contracts on the S&P 500 climbed 0.6% after US lawmakers late on Saturday passed compromise legislation to keep the government running until Nov. 17. Japanese stocks rose and Australian equities were little changed, while a number of Asian markets including China and South Korea were shut for holidays.
Investors also found a measure of relief after data over the weekend showed China’s manufacturing activity expanded for the first time in six months, adding to signs some parts of the nation’s economy are finding a footing again. South Korea reported a slower decline in exports.
“Financial markets were bracing for a shutdown, so there’s an element of relief, but it’s only a temporary lifting of one of the clouds hanging over the markets now,” said Yung-Yu Ma, chief investment officer…
2023-10-01 21:56:14
Article from finance.yahoo.com
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