▸ Wall Street climbs as investors shrug off risk of US government shutdown▸ Dollar retreats against leading forex rivals but Treasuries attract buyers▸ European equity indices advance while pressure eases on UK gilt yieldsWall Street stocks rose yesterday as investors shrugged off the risk of a potential US government shutdown.President Donald Trump was set to meet lawmakers yesterday in an effort to break the budget deadlock behind the looming federal shutdown.Federal funding will expire today if no short-term funding agreement is reached, with a shutdown following tomorrow.“In the past, shutdowns have had a mixed impact on equities, rates and the dollar with no clear pattern,” said analysts from Goldman Sachs, noting that the dollar had weakened “in most instances”.In the clearest sign of investor concern, gold prices soared to another fresh record high, punching through the $3,800 a troy ounce mark.The tech sector carried stock markets higher with the Nasdaq Composite up 0.6 per cent by early afternoon in New York. The blue-chip S&P 500 index was up 0.2 per cent.
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