Particle.news
Download on the App Store
8 ARTICLES
·
38m ago

Markets Cautious as U.S. Shutdown Risk Puts Payrolls Release in Doubt

A delay to Friday's jobs report could leave the Fed with less guidance ahead of its Oct. 29 meeting.

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)
A man displays US dollar notes after withdrawing cash from a bank in Harare, Zimbabwe, July 9, 2019. REUTERS/Philimon Bulawayo/File Photo
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 25, 2025. (AP Photo/Ahn Young-joon)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, Sept. 25, 2025. (AP Photo/Ahn Young-joon)

Overview

  • Congress faces a Tuesday funding deadline, with a partial shutdown starting Wednesday if no deal is reached, and President Trump is set to meet top congressional leaders on Monday.
  • A closure would likely postpone nonfarm payrolls and other Labor Department releases, with Bank of America warning the Fed could be left flying blind on the economy.
  • U.S. equity futures rose about 0.2% to 0.3% in early Asia as regional stocks traded mixed, the dollar eased and Treasuries found support.
  • Markets imply roughly a 90% chance of a Fed rate cut in October and around a 65% probability of another move in December, according to Reuters.
  • Oil fell about 1% as flows resumed on the Kurdistan–Turkey pipeline and Reuters reported OPEC+ is likely to approve an additional supply increase.