Benzinga | Oct 15, 2013 09:48AM ET
US Senators struck an optimistic tone following talks on Monday, leading many to believe that a deal to reopen the government and avoid default was right around the corner.
Senate Majority Leader Harry Reid hinted at the possibility of a deal on Tuesday saying, “We hope that with good fortune… that perhaps tomorrow will be a bright day”.
Top News
In other news around the markets:
Asian Markets
Asian markets were mostly up on Tuesday morning. The Japanese NIKKEI gained 0.12 percent, the South Korean KOSPI rose 0.75 percent and the Hang Seng Index was up 0.48 percent. However China’s Shanghai composite lost 0.11 percent and the Shenzhen composite was down 0.34 percent.
European Markets
European markets were quiet with the UK’s FTSE up 0.32 percent and the eurozone’s STOXX 600 mostly flat. Italy’s MIB was up 0.19 percent and the Swiss SMI lost 0.10 percent.
Commodities
Energy futures were down, Brent futures lost 0.09 percent and WTI futures were down 0.19 percent. Precious metals also suffered with gold down 0.31 percent and silver down 0.67 percent. Industrial metals were mixed with aluminum down 0.61 percent but zinc up 0.60 percent
Currencies
The dollar gained some strength from the prospect of a budget deal on Tuesday. The euro gained 0.04 percent against the American currency and the pound to dollar ratio was unchanged at $1.59. The yen gained 0.15 percent against the greenback.
Earnings
Notable earnings released on Monday included:
Pre-Market Movers
Stocks moving in the pre-market included:
Earnings
Earnings reports expected on Tuesday include:
Economics
Tuesday will be another quiet day for economic news; notable economic releases expected include US trade balance, the German ZEW economic sentiment index, British PPI, French CPI and Japanese industrial production.
By Laura Brodbeck
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