Senators pass shutdown-ending bill, lifting US and European markets

The recent passage of a shutdown-ending bill by US senators marks a pivotal moment, lifting both US and European equity markets with strong gains. This legislative action comes after a prolonged government shutdown, which the Congressional Budget Office predicts will have adverse effects on the US economy due to the disruption of government services. As the markets respond positively, attention also shifts to China, where the Singles' Day shopping holiday has expanded to five weeks, reflecting a strategy to boost consumer spending amid sluggish demand. The interconnectedness of these events highlights the broader economic landscape, where government actions and consumer behavior play crucial roles in shaping market dynamics.