Morning Report courtesy of Spreadex

0 mins. to read
Positivity it likely to drift into the market today as Democrat and Republican Senate leaders made progress in talks on a deal to postpone the debt ceiling limit. The agreement is set to suspend the debt limit through February 2014, funding the government to January and require a House-Senate budget conference in December.
Asian stocks rose on the news with the regional index heading for a five-month high after Senate leaders said they’re optimistic they will forge a deal before the 17th October deadline. Gold swung between gains and losses as investors digested the likelihood of a deal being reached.
Brent crude continued its decline for a third day as talks continued with Iran on the country’s nuclear program which could help ease sanctions that have restrained oil exports from the Persian Gulf producer. 

Take part in our poll

Of the stocks covered by Master Investor in the weekly Small Cap Round Up, which ones do you hold?

Comments (0)

Comments are closed.


Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.