Daily Updates

US stocks were pretty mixed last night, as investors awaited the end of the US Government shutdown, while also being puzzled about the Fed’s monetary policy outlook.

The S&P 500 rose further on Tuesday, supported by optimism about the end of the US Government shutdown.

Optimism about the US Government reopening stretched into the Monday session on Wall Street, as the US Senate voted to advance a bill to end the longest shutdown in history.

The S&P 500 was shaping up for another decline on Friday, but clawed back its losses late in the session amid hopes for a deal to end the US government shutdown. This came as US Senate Democratic leader, Chuck Schumer offered to vote in favour of a funding bill that would end the shutdown in exchange for a one-year extension of health insurance tax credits.

The risk-off sentiment returned to Wall Street last night, as a weak US Challenger layoffs report brought fresh concerns over US labour market conditions.

Wall Street saw renewed gains yesterday, as upside surprises to US economic data boosted sentiment.