Investors dumped U.S. assets in favor of gold, Bitcoin, and foreign stocks as government shutdown leaves Wall Street ‘flying blind’

It is not surprising, the origins of safe haven also have witnessed pop music. The price of gold – the continuous contract Comex – increased by 1.1 % this morning to $ 3,913.70 an ounce. Bitcoin rose sharply by more than 2 % this morning to $ 116.4 thousand.

“The great impact of this week is that we fly blind on the economic data interface. Therefore, we will not get the job report on Friday, because BLS does not launch new data. Contrary to our previous expectations, the Ministry of Labor said yesterday that we will not see us emotional demands in the closure as well,“ We ​​thought we might see that it was issued while countries collect data. BLS provides the consumer price index report on October 15 as well, so if we are stopped For a long time, this may also be affected. ”

The lack of job data was a special concern for Chris Turner from Engar: “Remember that up to 150 kilos of government employees may reach the outcome of the non -cultivated salary statements in October as part of Doge’s Aduly Drive earlier this year. Closing also means that we are unlikely to see weekly customer claims on Thursday on Friday.”

The big question is to move forward, how long will the closure continue?

The short closure is likely to look like the shares of the United States, but a long coma, along with the collective workers threatened by the Trump president, can cause material damage, according to Economy analyst in Oxford Ryan Sweet. “Our estimation is that the partial government closure reduces the growth of GDP by 0.1PPT-0.2PPTs per week. For context, the closure that lasts the entire quarter, which has never happened, will reduce the growth of real GDP by 1.2pts-2.4pts,” said in note this morning.

He said that this could raise the hand of the federal reserve to reduce interest rates.

“One of the expected changes that can occur is the progress of prices from December. The Federal Reserve emphasized the September step as an insurance. The Central Bank is likely to be closed in fog around the labor market, leading to support for support to reduce October rather than the hidden risk and having to reduce later.”

Today, however, the mood among analysts is calm. The closures add little fluctuations to the market, but do not hinder them in general. “History does not reveal any clear relationship between closing and market revenues. Markets may face increasing fluctuations in response to the uncertainty in Washington. However, the markets historically had mixed reactions to government closure, while finishing shares in a positive area more than half the time,” said a note from Vanguard this morning.

Below is a snapshot of markets before the opening bell in New York this morning:

• S & P 500 futures contracts 0.55 % decreased this morning. The index closed 0.41 % at its last session.
• Stoxx Europe 600 0.65 % increased in early trading.
• FTSE 100 in the United Kingdom An increase of 0.68 % in early trading.
• Japan Nikki 225 It was a decrease of 0.85 %.
• China CSI 300 It was 0.45 %.
• South Korea Cuban It was 0.91 %.
• Elegant India 50 It increased by 0.76 % before the end of the session.
• Bitcoin It rose to 115.8 thousand dollars.