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Stocks Rebound as US Government Shutdown Seems Averted [Globe and Mail, The (Toronto, Canada)]

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Stock indexes Friday traded higher as a US government shutdown on March 15 appeared unlikely after Senate Democratic leader Schumer said Thursday night that he will not block the Republican continuing resolution (CR) to fund the government for 6 months. The House passed the bill on Tuesday, and the Senate was expected to vote later Friday afternoon. Global equity markets garnered support Friday from a rally in Chinese stocks to a 3-month high on signs of more policy support. Officials from the finance ministry, commerce ministry, the PBOC, and other government bodies plan to hold a press conference on Monday to announce measures to boost consumption. Stocks were undercut by Friday’s report from the University of Michigan showed that US consumer sentiment in March fell to a more than two-year low, and long-term inflation expectations soared to a 32-year high. The University of Michigan US Mar consumer sentiment index fell -6.8 to a 2-1/3 year low of 57.9, weaker than expectations of
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- Old Tesla Model Y Discontinued In U.S., Gets Massive Price Cut [Forbes][Forbes]
- Van Jones describes how Democrats are reacting to Schumer helping GOP avoid government shutdown [CNN][CNN]
- Ty Cobb: Trump ‘danced on the grave' of Justice Department independence [CNN][CNN]
- Schumer calls his shutdown vote ‘an act of strength' [CNN][CNN]
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