Global investors are bracing for the fallout from the US government’s latest shutdown after Congress failed to reach an agreement on funding operations.
US equity futures declined and the Bloomberg dollar spot index fell 0.1% after the midnight funding deadline came and went, triggering the US government’s first shutdown in nearly seven years. The White House’s budget office ordered agencies to begin executing plans to halt all but essential duties, disrupting the jobs of hundreds of thousands of Americans and upending many public services.
Investors have been basing their expectations on past shutdowns, where bouts of political posturing quickly gave ...
