US Shutdown End in Sight, Boosts European Markets
Update: 2025-11-11
Description
On November 11th, European stock markets surged due to optimism over the U.S. government shutdowns potential resolution. The U.S. Senate passed a bill to fund the federal government, aiming to end the longest shutdown in history. This news boosted investor confidence, as the shutdown had caused widespread disruptions and was seen as a drag on the U.S. economy. Meanwhile, in the UK, unemployment rose slightly, and wage growth slowed, potentially influencing the Bank of Englands decision on interest rates. In corporate news, Vodafone raised its full-year outlook, while oil prices dipped due to oversupply concerns.
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