A look at the day ahead in European and global markets

By Gregor Stuart Hunter, Asia Finance & Markets Breaking News Correspondent

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The U.S. government is on the brink of reopening, potentially restoring pay to unpaid federal workers and ending a drought of economic data that has left the Federal Reserve flying virtually blind for more than a month.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 10, 2025. REUTERS/Brendan McDermid

Members of Congress jumping on the opportunity for free publicity could be the latest sign of a return to normalcy. With thousands of delayed and cancelled flights because of the shutdown, some Congressmen have carpooled with colleagues or taken a 16-hour Harley Davidson ride across the country as they return to Washington D.C. to reopen the government.

The Republican-controlled House is due to vote later today on a compromise that would restore funding to government agencies and end a shutdown that started on October 1 and is now the longest in U.S. history.

Optimism around the looming end to the shutdown drove stocks higher, and pushed the dollar away from its lowest levels for the month.

U.S. S&P 500 e-mini futures were slightly higher ahead of the vote, after a third consecutive day of gains for the benchmark on Tuesday, while MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3%.

In Tokyo, the Topix surged 1% to a fresh record. That's despite a fall of as much as 10% for SoftBank Group after it said it had sold its entire stake in Nvidia on Tuesday, taking its month-to-date loss to as much as 25%. Even so, shares in Japan's biggest tech sector investor have more than doubled this year.

Still, it's not all bad news from the AI patch. Advanced Micro Devices shares jumped 4.8% in after-hours trading, buoyed by its expectations to post $100 billion of annual data center chip revenue within the next five years, and more than triple its earnings.

In early European trading, pan-region futures were up 0.3%, German DAX futures advanced 0.4%, and FTSE futures were flat.

Graphics are produced by Reuters.

Graphics are produced by Reuters.

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