FX.co ★ CAC 40 Rises on US Government Shutdown Resolution

On Tuesday, the Paris CAC 40 index rose by 0.6%, reaching 8,100 and marking its second consecutive session of gains. This rebound emerges from the three-week lows experienced last week, despite trading volumes being relatively low due to holiday considerations. Optimism is building around the resolution of the longest government shutdown in US history, following a crucial US Senate vote of 60-40 in favor of passing a key bill. This development followed an agreement on Sunday between some Democrats and Republicans breaking ranks. On the corporate front, LVMH shares surged over 2% after Bloomberg reported that the luxury conglomerate plans to unveil major new stores in China this December and is contemplating further expansion within the region.