Global markets breathe a sigh of relief as shutdown end nears

Market Overview - Global markets experienced a surge as the US Senate took steps to end the longest government shutdown in history, boosting risk sentiment across various asset classes including equities, commodities, and cryptocurrencies [3][4]. - The Senate's approval of a compromise bill to reopen the federal government and fund it through the end of January alleviated investor anxiety that had impacted markets in recent weeks [4][5]. Stock Market Reaction - European stocks led the global rebound, with the Stoxx Europe 600 rising by 1.4% and Germany's Dax climbing 1.8%, indicating broad relief across sectors sensitive to economic disruptions [6][7]. - US equity futures also strengthened, with S&P 500 futures gaining 1% and Nasdaq 100 futures advancing 1.5%, signaling a strong opening for Wall Street [7]. Sector Performance - Technology stocks rebounded significantly, with Nvidia up 3.3%, Tesla gaining 2.4%, and Alphabet rising 2.2% in pre-market trading, as investors welcomed the prospect of government reopening [8]. - The airline sector, which faced challenges due to the shutdown, saw shares rise in pre-market trading as fears of staffing shortages eased with the expected resumption of government funding [11][12]. Commodity and Cryptocurrency Markets - Gold prices increased by 2% to $4,080 per troy ounce, reflecting a positive sentiment as investors anticipated clearer economic data following the government reopening [13]. - Bitcoin also saw a rally, climbing 3% to around $106,000, indicating a recovery in the cryptocurrency market [14].