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Global stocks rise on signs U.S. shutdown may end soon
Markets globally rose on signs the U.
Global equity markets rallied on 10 November after the U.S. Senate advanced a funding bill expected to temporarily end the government shutdown. The S&P 500 futures were up 0.74 % and the Nasdaq 100 futures surged 1.27 % as investors anticipated resumption of federal operations. Asian and European indices followed suit, with the FTSE 100 setting a new high above 9,787 points.
Market participants noted that renewed government spending could support sectors such as defence and infrastructure, although analysts caution that the shock from the long shutdown may still weigh on growth.