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By Zak Mir. U.S. Indices After The Shutdown Ends Dow:  Almost perfect 200 day moving average rebound Likely bull flag above 50 day moving average at 15,165 Target towards year highs – favoured up to 2013 price channel top of 15,800 as soon as the end of October. S&P:  Significantly more positive chart structure than…

Risers: Prudential, +2.97% The life insurance and financial services company has led the FTSE 100 higher following an upbeat statement overnight from Asian rival AIA. With Prudential having a strong exposure to the company, AIA reported record quarterly results and said its new business rose by 26%. The insurance sector was also helped by reports…

By George Leong. A bridge deal on the impasse and debt ceiling was reached in Washington on Wednesday. The deal will see the government reopen until January 15, and the debt ceiling will be extended until February 7 to allow both sides to try to hammer out a deal. Now of course, the agreement doesn’t…

London-listed equities have been driven significantly higher on the open in sympathy of an accelerating GDP number from China. But traders saw immediate flow out of stocks in order to capture the overnight return. This notwithstanding, the market is higher and Basic materials outperform.   Gold remains supported this morning in line with the weakness…

By Dominic Picarda. The ride is well and truly back on in equities. I see every chance that it will continue for now. Seasonality is soon turning positive for the indices, while there is plenty of healthy scepticism in the air. These make for fertile conditions for an ongoing rally. The recent dip has got…

By Ben Turney. If it wasn’t for the last minute, nothing would ever get done in American politics. For the third time in a row, a compromise was reached, seeing the debt ceiling temporarily extended, the government reopen and the crisis averted. In reality, absolutely nothing of any substance was achieved last night, other than…

By Sasha Cekerevac, BA A very interesting item appeared through the official Chinese news agency, Xinhua, in which the Chinese government is effectively calling for the end of the U.S. dollar as the world’s reserve currency, stating that the world should “…start considering building a de-Americanized world.” (Source: “Commentary: U.S. fiscal failure warrants a de-Americanized…

Risers: British Sky Broadcasting Group, +4.6% British Sky Broadcasting Group PLC today led the FTSE 100 gainers after reporting a rise in revenue boosted by existing subscribers taking on new products, but overall profit fell. Revenue rose to £1.84 billion, slightly ahead of analysts’ expectations. However, optimism was capped after the chief executive Jeremy Darroch…

By Dominic Picarda. Unsurprisingly, America’s politicians have settled their differences over the debt ceiling and government shutdown. The alternatives would have been entirely self-defeating. The US enjoys an “exorbitant privilege” as the issuer of the world’s reserve currency and was never likely to undermine its standing by needlessly if only temporarily defaulting on its debt.…