▸ Prospect of US government shutdown helps push Wall Street lower▸ European equity indices more upbeat, led higher by Frankfurt▸ Gold extends gains but crude oil retreats on supply glut fearsWall Street edged down yesterday as the chances ticked higher of a US government shutdown beginning at midnight.The tech-heavy Nasdaq Composite index was 0.2 per cent lower by early afternoon yesterday while the blue-chip S&P 500 was down 0.1 per cent.US vice-president JD Vance said on Monday afternoon that the government was “headed to a shutdown” after President Donald Trump and congressional leaders failed to strike a deal in a White House meeting.While government shutdowns do not have any consistent readthrough for financial markets, investors were mostly concerned that it would mean a suspension of Friday’s closely watched non-farm payrolls data release.The data has been taken as a key barometer of interest rate cut expectations in recent months.
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