US shutdown vacuum
• Holding on. Markets take the latest US shutdown in stride. US equities edged up while bond yields slipped back. USD & AUD tread water.• US shutdown. No real sense of urgency to strike a deal quickly. US shutdown could drag out. This might be a negative for US growth & the USD.• Data void. US government shutdown also means US economic data, such as Friday’s non-farm payrolls report, may be put on hold. Global Trends The latest US Government Shutdown kicked off yesterday and financial markets have so far taken it in stride. European equities registered solid gains (EuroStoxx600...