Markets are closely watching progress toward the end of the longest government shutdown in US history. Technology and AI shares had rebounded on Monday from last week’s steep losses, on expectations that the government would reopen as soon as this week. The prolonged closure has weighed on the economy and contributed to a data blackout for the Federal Reserve and traders alike. Olu Sonola, Head of US economic Research at Fitch Ratings, said markets are hopeful for a way forward.
US shutdown breakthrough providing clarity to markets
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