After 43 days of paralysis, the United States has finally emerged from its budget impasse. This unprecedented breakthrough has restored confidence to the markets, propelling the CAC 40 to a new all-time high.
The Paris Stock Exchange set a new record on Thursday morning after Donald Trump signed the bill ending the longest shutdown in US history : the CAC 40 gained 0.6% and broke through the 8,290-point barrier for the first time.
Other European stock markets opened more unevenly : the SMI in Zurich gained 0.23%. Frankfurt remained stable and London fell 0.29%.
The end of a record-breaking political crisis
America can breathe again. After six weeks of unprecedented budgetary wrangling, the White House and Congress reached a compromise to extend federal government funding until the end of January. Donald Trump signed the bill ending the longest shutdown in the country’s history last night.
Discover our plans
- Every day, keep up to date with the latest business news from the world of luxury.
- Receive the essential luxury business news by email every week
- Access all our events
- The Luxury Journals and Luxus Magazine in print and digital versions
Subscribe for 1€
Become an active member of the community of luxury leaders.
Read also > [STOCK MARKET UPDATE] European stock markets fall while Wall Street and Asia rebound
Featured photo : © Getty Images
