Category: general

The post World markets jump on stronger U. S. shutdown truce, softer dollar appeared com. Global market sentiment improved on Monday after U. S. Senate lawmakers late Sunday moved a procedural vote forward to advance legislation to end the ongoing government shutdown, according to CNBC. The vote came after weeks of stalled talks in Washington that had restricted access to federal economic data. The lack of data had made it harder for traders to evaluate interest rate expectations. The new progress immediately showed in U. S. stock futures, which had finished the prior week under pressure from concerns tied to high artificial intelligence stock valuations. S&P 500 futures surged by 0. 76%, Dow Jones futures added 112 points or 0. 24%, and Nasdaq-100 futures rallied by 1. 29% during early Monday trading. Last week had been rough for major indexes, with the Nasdaq Composite recording its worst weekly performance since April, crashing by 3%, while the S&P 500 declined by 1. 6%, and the Dow Jones Industrial Average fell by 1. 2%. Asia stocks are posting broad gains after selloff pressure eased Across Asia-Pacific, equities also moved higher on Monday. South Korea’s Kospi rose 3. 02% to 4, 073. 24. The Kosdaq gained 1. 32% to 888. 35. Major names advanced, with Samsung Electronics higher by 2. 76% and SK Hynix up 4. 48%. SK Inc, the holding company for one of the country’s largest chaebols, rallied by 9. 29%. GS Holdings, active in energy, retail, and construction, climbed 11. 79%. In Japan, the Nikkei 225 gained 1. 26% to 50, 911. 76, and the Topix index rose 0. 56% to 3, 317. 42. 10-year Japanese government bond yields touched 1. 7%, their highest level since October. Hong Kong’s Hang Seng added 1. 54%, and China’s CSI 300 increased 0. 17%. Australia’s S&P/ASX 200 moved up 0. 75% to 8, 835. 9. In India, the Nifty 50 gained 0. 54%, while the Sensex added 0. 52%. In Europe, the Stoxx 600 index rose 1% during the morning session. The FTSE in the United Kingdom increased.