Congressional leaders from both parties are working out the details of a two-year federal budget deal they hope to vote on before the holiday recess.» Read More
Treasury yields hit their highest in three weeks on Monday on signs that the U.S. Senate was edging closer to a deal on the fiscal crisis which has paralysed part of the government.
*Gold sheds 1.2 pct, Iran talks pressure oil. Hopes rose after U.S. Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of talks on Monday, with Reid saying they had made "tremendous progress".
LONDON, Oct 15- The dollar hit a one-month high against a basket of currencies on Tuesday, buoyed by signs U.S. lawmakers could soon reach a deal to avert default. U.S. Senate Majority Leader Harry Reid, a Democrat, said he and his Republican counterpart, Mitch McConnell, had made "tremendous progress" in talks, and suggested a deal could come as early as Tuesday.
U.S. Senators indicated they were close to reaching a deal that would reopen the government and push back a possible default, reports CNBC's John Harwood.
LONDON, Oct 15- Gold fell to its lowest in three-months on Tuesday as hopes that policymakers are close to resolving U.S. debt negotiations in Washington lifted stock markets, curbing interest in the metal as a refuge from risk.
*Gold, oil trade in tight ranges. The hopes for a deal rose after U.S. Senate Majority Leader Harry Reid, a Democrat, and his Republican counterpart, Mitch McConnell, ended a day of talks on Monday, with Reid saying they had made "tremendous progress".
LONDON, Oct 15- The Australian dollar hit a four-month high against the U.S. dollar on Tuesday, lifted by Reserve Bank minutes showing policymakers in no hurry to cut rates and optimism a U.S. deal to avert default would soon be reached.
LONDON, Oct 15- A major European stock index hit a 2-1/ 2- year high and Germany's DAX a record peak on Tuesday on growing optimism that U.S. lawmakers would soon agree a deal to re-open the government and avoid a possible default.
TOKYO, Oct 15- The dollar held firm on Tuesday, hitting a two-week high against the yen as top U.S. senators signalled they could soon reach a bipartisan deal to reopen the government and avert an immediate debt default.
*Gold steady but near 3- month lows. SINGAPORE, Oct 15- Gold traded in a narrow range on Tuesday, hovering near three-month lows as outflows from gold funds continued and as lawmakers made some progress towards resolving the U.S. budget impasse.
HONG KONG, Oct 15- Hong Kong shares touched a three-week high early on Tuesday, shrugging off a weak mainland Chinese market, after senior U.S. Senate leaders indicated that they were within striking distance of a deal that could resolve a fiscal stand-off.
*Fast Retailing strong on brokerage upgrade. TOKYO, Oct 15- Japan's Nikkei share average extended its rise into a fifth day on Tuesday, tracking gains on Wall Street after top U.S. lawmakers signalled they could soon reach a deal to reopen the government and avert a possible debt default for now.
HONG KONG, Oct 15- Hong Kong shares could start higher on Tuesday after senior U.S. Senate leaders indicated that they were within striking distance of a deal that could resolve a fiscal standoff and help avert an unprecedented U.S. debt default.
WASHINGTON, Oct 14- A month of combat in the U.S. Congress over government spending showed signs on Monday of giving way to a Senate deal to reopen shuttered federal agencies and prevent an economically damaging default on federal debt.
TOKYO, Oct 15- U.S. stock index futures ticked higher on Tuesday on expectations of an imminent deal that will reopen the U.S. government and avert a possible debt default, though the political squabbling in Washington kept markets on edge ahead of the Thursday deadline. Many markets in the region, including Singapore, Indonesia and India, were closed for holidays.
Discussing some opportunities in the market as the government remains shut down, with Stephanie Link of TheStreet. Link looks at the auto and aerospace sectors.
CNBC's Larry Kudlow says there is "no need" for the U.S. to default on its Treasurys.
A NBC News/WSJ poll found 53 percent of participants blame the Republicans in Congress for the government shutdown. CNBC's Larry Kudlow says there are repercussions to the Republican party that we do not know about yet.
CNBC's Kayla Tausche reports the Twitter IPO will not be delayed in spite of the government shutdown.
64 percent of participants of a CNBC survey say mothers-in-law are more favorable than Congress, reports CNBC's Jane Wells. Even 53 percent like hemorrhoids better.