Overview

• Global equities and U.S. futures advanced Monday even as a funding impasse raised the risk of a government closure this week.
• Gold set a new all-time high above $3,800 an ounce as the dollar weakened, while the 10-year Treasury yield hovered near 4.15%.
• President Donald Trump is meeting congressional leaders Monday; without a deal, the government would close Wednesday at the start of the new fiscal year.
• A closure would likely delay the September jobs report and other BLS data, clouding the Fed’s data-dependent outlook after its recent rate cut, with economists warning an October cut could slip.
• New U.S. tariffs take effect Oct. 1 on heavy trucks, patented drugs and other items, adding inflation uncertainty as oil prices ease on expected OPEC+ output increases; investors also track ISM readings, ADP, Nike results and Tesla deliveries this week.