Business

World shares mostly higher after US averts government shutdown

European shares and US futures climbed Thursday after US lawmakers moved to avert a government shutdown.
Germany’s DAX edged 0.1 per cent higher to 15,378.85 while the CAC 40 in Paris added 0.5 per cent to 6,593.48. In London, the FTSE 100 also gained 0.5 per cent, to 7,146.51.
The future for the Dow industrials was 0.7 per cent higher while that for the S&P 500 also rose 0.7 per cent.
Investors have had their eyes on Washington, where Democrats and Republicans in Congress have been wrestling over extending the nation’s debt limit.
Congress has moved to avert that crisis, with the Senate poised to approve legislation to fund the federal government into early December.
The House was expected to approve the measure following a Senate vote Thursday, preventing a partial government shutdown when the new fiscal year begins Friday.
If the limit, which caps the amount of money the federal government can borrow, wasn’t raised by Oct. 18, the country would likely face a financial crisis .