US Government Shutdown Continues as Stocks Climb and Gold Rallies

US Government Shutdown and Market Reaction

• 🗓️ The US government shutdown has entered its third day, with permanent federal job cuts being considered by President Trump.
• 🏛️ Despite the ongoing shutdown and lack of talks between political sides, global stock markets have extended their rally for a sixth consecutive day.
• 📈 Gold prices are also performing well, heading for their seventh straight weekly gain amid the uncertainty.

Economic Data and Central Bank Signals

• 📊 With the official non-farm payrolls report delayed by the shutdown, traders are relying on private data, such as Challenger's report showing scaled-back hiring in September.
• 🏦 The Bank of Japan Governor offered no clear signals on a potential rate hike, leading to fresh yen selling despite market speculation.

Political Developments and Stock Spotlight

• 🗳️ In Japan, Koisumi is the narrow front runner in the upcoming pivotal ruling party vote.
• 🇫🇷 French Prime Minister Luknu faces critical budget talks that could determine his government's future.
• ✈️ Boeing is highlighted due to another delay in its 777X plane's first commercial flight, now pushed to early 2027, potentially resulting in a significant non-cash charge.