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Morning Bid: Shutdown talks go to the wire as Q3 ends
Yahoo Financeยท 2025-09-30 10:37
Market Overview - A potential U.S. government shutdown is creating uncertainty in the markets, overshadowing a strong third quarter for global markets [1][2] - Wall Street stock futures have pulled back slightly after reaching record highs, with Treasury yields drifting lower due to concerns over government spending [4] U.S. Economic Indicators - The monthly jobs report is likely to be postponed, leading to a data vacuum that could impact market sentiment [1] - Vice President JD Vance indicated a high likelihood of a government shutdown, which could disrupt various services [2] Global Market Reactions - China's markets are optimistic despite a negative official business survey indicating a sixth month of contraction in factory activity, with investors awaiting a Communist Party meeting for economic plans [5] - European markets experienced a slight pullback, with inflation numbers in Germany coming in higher than expected and jobless totals decreasing [5] Commodity and Currency Movements - Gold and oil prices have slightly decreased following President Trump's peace plan for Gaza, although the immediate market impact is limited [5] - The Japanese yen has strengthened ahead of a potential interest rate rise, while the Australian dollar increased as the Reserve Bank of Australia maintained rates [4][5]