Overnight: US stocks closed mixed after the end to the Government shutdown

Bell Potter


Overnight: US stocks closed mixed after the end to the Government shutdown. The US dollar fell, and investors jumped back into Treasurys with gusto, sending prices up and yields down as the market shed worries about a potential US debt default. Gold futures surged by more than $30 an ounce. Oil futures fell toward $100 a barrel. The UK's FTSE fell alongside the broader European market on Thursday, although well-received earnings reports from SABMiller and British Sky B, plush upbeat retail sales, helped curb the losses in London. European stock markets broke a 5-day winning streak, after U.S. lawmakers agreed to end the government shutdown and raise the debt ceiling, but failed to come up with a longer-term solution for the country's finances. London BHP down 0.51%. Rio down 0.10%. New York BHP up 1.11%. Rio up 0.23% LME Base metals traded mixed.

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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