Democrats and Republicans passed a bill just hours before Saturday’s midnight deadline. A short-term bill (45 days), to keep the Government funded through November, and avoid a government shutdown This would have put 3 million Americans working in the public sector or the military’s paychecks at risk. It is not a long-term solution that will inspire confidence. However, markets have become accustomed to these events. Over 20 times during the past 50 yearsFour of these have occurred in the last ten years. This may be it, the beginning of a new quarter, or the good data coming from Asia. This morning, there is a small risk.The US and European indices have risen by an average. +0.3% Oil also rose after two bad sessions which saw it pull back from its previous annual highs. The good news was from Asia. Manufacturing in China is rebounding into the expansion zone for the first time since last April – as witnessed by the Caixin – and also in Japan: the Tankan Survey This side of the tissue is showing signs of optimism. We are seeing this morning also Two major US investment banks make very different decisionsThe. GS Both are in high demand. Oil and copper China is booming, CITI…
