Overview

• Global stocks and U.S. futures advanced, with tech leading, as investors looked past an imminent U.S. government funding deadline.
• Analysts warn a shutdown could halt Bureau of Labor Statistics jobs and inflation reports, which may complicate or delay a potential October rate cut.
• Market pricing still implies roughly a 90% chance of a 25-basis-point Fed cut next month, even after hawkish remarks from Cleveland Fed President Beth Hammack.
• Gold surged to fresh records above $3,800 an ounce on safe-haven demand and rate-cut expectations, while oil fell on resumed Kurdistan-to-Turkey flows and prospects for more OPEC+ supply.
• New U.S. tariffs on heavy trucks, some pharmaceuticals, and home fixtures take effect Oct. 1, adding to trade uncertainty as the White House and congressional leaders meet to avert a shutdown.