U.S. futures rise after government shutdown averted - what's moving markets
Investing.com -- Futures point higher on Monday after last-minute negotiations between lawmakers on Capitol Hill over the weekend led to a surprise short-term funding deal that averted a U.S. government shutdown. Elsewhere, UAW workers and Mack Trucks forge an agreement to avoid a strike, while the World Bank cuts its growth forecast for China's economy next year.U.S.
However, the indices are up for the year, highlighting the strength of a rally several months ago that was driven by soaring enthusiasm for generative artificial intelligence.U.S. President Joe Biden has vowed not to"walk away" from Ukraine after a plan to provide $6 billion in fresh aid to the country was scuppered by lawmakers to avert a government shutdown.
Yet speaking on Sunday, Biden said that a"vast majority" of members of both his Democratic party and their Republican counterparts are still in favor of sending financial backing to the country. Biden previously requested an extra $24B in August, with the White House hoping to both maintain Ukraine's battlefield capabilities and provide humanitarian assistance.
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