Markets jump as investors eye end to US shutdown

Global shares rose on Monday, lifted by optimism that an end to a historic US government shutdown was in sight, while government bond yields rose and the dollar steadied.

- 

The US Senate moved forward on Sunday on a measure to reopen the federal government and end a now 40-day shutdown that has sidelined federal workers, delayed food aid and snarled air travel.

In a procedural vote, senators advanced a House-passed bill that will be amended to fund the government until January 30 and include a package of three full-year appropriations bills.

Wall Street looked due to open higher with Nasdaq futures up 1.5% while S&P 500 futures rose 0.9%.

European shares rode on this buoyant mood with the pan-European STOXX 600 up about 1.4%, while Diageo shares soared after the world's largest spirits maker named a new CEO.

"A possible end to the longest running US shutdown is a positive for markets," said Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities.

"Our expectation is that the next step is for a House vote on Wednesday, with the government set to reopen this Friday."

If the Senate eventually passes the bill, the package must still be approved by the House of Representatives and sent to President Donald Trump for his signature, a process that could take several days.