Overview

• The U.S. government closed after funding lapsed at midnight, halting non‑essential operations and delaying releases such as the September nonfarm payrolls report.
• ADP said private payrolls fell by 32,000 in September, and futures pricing points to a near‑certain 25‑basis‑point Federal Reserve cut in October with traders leaning toward further easing this year.
• Gold hovered near record highs around $3,860–$3,900 per ounce as Treasury yields fell, extending a five‑day run to successive peaks.
• Bitcoin traded above $118,000 in a broad crypto rally, even as shutdown‑paused SEC and CFTC activity threatens short‑term delays to rulemaking and ETF listing processes.
• Tech shares led gains in Asia after OpenAI struck supply agreements with Samsung and SK Hynix, Wall Street extended its advance, the Supreme Court kept Fed Governor Lisa Cook in place pending a January hearing, and the administration froze $26 billion for Democratic‑leaning states.