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TD Securities: The US House of Representatives is expected to vote on Wednesday, and the government is likely to end the shutdown on Friday.
On November 10, Prashant Newnaha, Senior Strategist for Asia-Pacific Rates at TD Securities, stated that we expect the next step to be the U.S. House of Representatives voting on Wednesday local time (regarding the temporary appropriations bill), with the U.S. government likely to reopen this Friday. The U.S. shutdown has undoubtedly had a negative impact on the economy, but the market is likely anticipating a rapid rebound in the economy once the shutdown ends. Besides the short-term favourable information sentiment, the direct market impact from the end of the U.S. shutdown should be limited after early next week. ( Jin10 )