Gold futures are tumbling amid concerns about dysfunction in Washington and the government shutdown, while stocks and bonds seem to be largely ignoring it.
The dollar also fell, touching an eight-month low as buyers moved into euros and other currencies. Stocks were higher and bond prices were lower, with Treasury yields edging slightly higher.
Gold futures fell...
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Dollar bounces from 8-month low as U.S. data offsets government shutdown
(Reuters) - The dollar edged lower but rebounded from its lowest level in nearly eight months against a basket of currencies on Tuesday as data showing economic resilience assuaged fears about a historic U.S. government shutdown.
The greenback sharply pared losses in mid-morning New York trade after an industry report showed the U.S. manufacturing sector last...
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U.S. government shutdown starts; Congress deadlock remains
(Reuters) - The U.S. government began a partial shutdown on Tuesday for the first time in 17 years, potentially putting up to 1 million workers on unpaid leave, closing national parks and stalling medical research projects.
Federal agencies were directed to cut back services after lawmakers could not break a political stalemate that sparked new questions...
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Daily Market Review- 1st October 2013
Fundamental News
Today’s highlights:
• SVME PMI (CH: 08:30 GMT)
• Italian Manufacturing PMI (Ita: 08:43 GMT)
• French Manufacturing PMI (Fra: 08:48 GMT)
• German Manufacturing PMI (Ger: 08:53 GMT)
• German Unemployment Rate (Ger: 08:55 GMT)
• Manufacturing PMI (EU: 08:58 GMT)
• Manufacturing PMI (GB; 09:48 GMT)
• Unemployment Rate (EU: 10:00 GMT)
• RBC Manufacturing PMI (Can: 14:30 GMT)
• ISM Manufacturing Index (U.S: 15:00 GMT)
The U.S. Congress headed into the final...
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