Dow Set to Open Up Amid Hope For End to Government Shutdown

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Bitcoin was rising as hopes for an imminent end to the U.S. government shutdown boosted risk sentiment.

The Senate on Sunday advanced a bill to fund the government until January 30.

“If we do get an end of the shutdown, it would be a near term positive,” Jefferies economist Mohit Kumar said in a note.

The end of the shutdown would allow for the resumption of official data needed to convince the Federal Reserve to cut interest rates in December, he said.

Bitcoin rose 1.8% to $106,399 after reaching a nearly one-week high of $106,614 overnight, LSEG data show.