Global scholarships are active on Wednesday morning as investors analyze the consequences of the recent US government shutdown, the first in almost seven years.
The shutdown started at midnight due to the budget approval deadline passing. It occurred because of a deadlock between U.S. President Donald Trump and the Democrats in Congress regarding health care funding.
United States of America
The market’s focus is now on how long the shutdown will last, as an extended closure could postpone the release of crucial data before the Federal Reserve meeting in late October.
The Department of Labor will halt nearly all operations, including the cancellation of the release of the September employment report, which was set for Friday.
Future index quotations.
Dow Jones Future is down by 0.66%.
S&P 500 Future decreased by 0.78%.
Nasdaq Future is down by 0.92%.
Asia’s bags
The Asian scholarships were unavailable due to the US government shutdown, while the markets in mainland China and Hong Kong were closed for a holiday.
Shanghai SE (China) was closed due to a holiday.
Nikkei from Japan decreased by 0.85%.
Hang Seng Index in Hong Kong was closed due to a public holiday.
Nifty 50 in India has increased by 0.63%.
ASX 200 in Australia experienced a decrease of 0.04%.
Europe is a continent in the Northern Hemisphere.
European scholarships function in a diverse manner, with investors keeping an eye on the US government shutdown.
STOXX 600: Up by 0.17%
Germany’s DAX index decreased by 0.30%.
FTSE 100 in the UK increased by 0.53%.
France’s CAC 40 index decreased by 0.26%.
FTSE MIB in Italy decreased by 0.61%.
Ibovespa: keep in mind the day before
Ibovespa ended Tuesday’s session with a small 0.07% decrease, closing at 146,237 points. The index was influenced by employment reports from Brazil and the US, but eventually declined.
Opep+ is contemplating boosting commodity supply in November, which led to a drop in oil prices worldwide as major national oil tanker roles were consolidated.
The latest Pnad data on the job market shows that the current unemployment rate is at its lowest level in history, standing at 5.6% in the quarter ending in August. This rate dropped by 0.6 percentage point compared to the previous quarter and by 1.0 percentage point compared to the same period in 2024.
Today’s schedule
China’s Golden Week holiday caused markets to close, while OPEC+ followed through with the House votes on the Income Tax exemption project. In the USA, Tom Barkin from the Federal Reserve Bank of Richmond will take part in an economic conference at 12:30.
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