Overview

• Benchmarks in Paris and New York traded higher in a light session, with Wall Street hovering near record levels.
• Congress faces a Tuesday deadline to pass at least a stopgap funding bill, and a lapse could delay the JOLTS release and Friday’s nonfarm payrolls report as in 2013.
• August PCE inflation rose 2.7% year on year, reinforcing market expectations for two Federal Reserve rate cuts before year-end.
• Electronic Arts gained after reports of a roughly $50 billion buyout by an investor group that includes PIF and Silver Lake.
• Gold hit new highs on safe-haven demand, with interest linked in coverage to reported plans by China’s central bank to boost reserves over the next five years.