Global shares jump as investors eye potential end to US shutdown

STORY: Global shares rose on Monday (November 10).Investors were optimistic after the U.S. Senate moved forward Sunday (November 9) with a measure aimed at reopening the federal government.It could end a now 40-day shutdown that has disrupted federal workers, food aid and air travel.However, the bill would still need approval from the House of Representatives and President Donald Trump.Sunday's breakthrough helped push Nasdaq futures up over 1.2%.Asian markets were up Monday after the open.MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.36% and Japan's Nikkei was up a similar amount.While Hong Kong's Hang Seng Index jumped 1.5%.The positive trend spread to Europe, where shares were also up.The pan-European STOXX 600 climbed 1.1% in early trade.The shutdown has taken a growing toll on the U.S. economy.Federal workers from airports to law enforcement and the military have gone unpaid.While the central bank deals with limited government reporting of economic data.White House economic adviser Kevin Hassett warned the country's fourth-quarter GDP could be negative if the shutdown dragged on.

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