TD Securities: The US House of Representatives is expected to vote on Wednesday, and the government is likely to end the shutdown on Friday.
ChainCatcher News, Prashant Newnaha, Senior Asia-Pacific Rates Strategist at TD Securities, stated that they expect the next step will be a vote by the US House of Representatives on a temporary funding bill on Wednesday local time, and the US government is likely to reopen this Friday.
The US government shutdown has undoubtedly had a negative impact on the economy, but the market is likely to expect a rapid rebound in the economy once the shutdown ends. Aside from short-term positive sentiment, the direct market impact of the end of the US shutdown should become limited after early next week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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