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Global stocks rally as US shutdown hopes ease and markets rebound
Global equities bounced as the US Senate advanced a bill to end the government shutdown, lifting investor sentiment across markets.
Global equity markets surged after the United States Senate advanced a temporary funding bill, boosting hopes the longest US government shutdown could end. U.S. indices like the Nasdaq Composite rose over 1 % while the S&P 500 improved 0.7 %. European and Asian markets also jumped as investor sentiment improved.
Treasury yields stabilized and the dollar firmed amid the optimism, though analysts caution the economic damage from the shutdown may already be baked-in.