Stock market today: World shares mostly lower as Congress averts a US government shutdown
Shares are mostly lower in Europe and Asia even after the U.S. Congress averted a U.S. government shutdown
BANGKOK — Shares were mostly lower in Europe and Asia on Monday even after the U.S. Congress averted a U.S. government shutdown with a last-minute compromise.
Markets in China are closed for a weeklong holiday. Markets in India and South Korea also were closed.
Oil prices gained and U.S. futures were higher as the threat of a federal government shutdown receded after Congress approved the temporary funding bill late Saturday to keep federal agencies open until Nov. 17.
Germany's DAX lost 0.2% to 15,358.22 and the CAC 40 in Paris shed 0.2% to 7,117.58. Britain's FTSE 100 declined 0.4% to 7,579.23. The future for the S&P 500 was unchanged and that for the Dow industrials lost less than 0.1%.
A Japanese central bank survey showed business confidence on the rise, though that failed to lift investor sentiment in Tokyo.
The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Sentiment among major non-manufacturers rose four points to plus 27, in the sixth consecutive quarter of improvement and the most positive result in about three decades.
Tokyo's Nikkei 225 index gave up early gains, shedding 0.3% to 31,759.88. Australia's S&P/ASX 200 lost 0.2% to 7,033.20. Taiwan's Taiex gained 1.2%, while the SET in Bangkok edged 0.1% lower.
On Friday, Wall Street closed out its worst month of the year with more losses. The S&P 500 slipped 0.3% and the Dow fell 0.5%. The Nasdaq composite edged 0.1% higher.
After easing earlier in the day on encouraging signals about inflation, Treasury yields resumed their ascent. The yield on the 10-year Treasury
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