Nothing – not even the news that SoftBank sold its entire Nvidia stake could spoil market sentiment yesterday, as investors bought into the optimism that the US government shutdown will finally end! Yes, after 41 days, the US government will reopen, and the data drought will come to an end.

At yesterday's GTC conference, Nvidia CEO Jensen Huang unveiled a fresh round of partnerships with Nokia, Palantir, Uber, and the US Department of Energy.

Major global indices climbed yesterday — many to fresh all-time highs — on news that the US and China are inching closer to a trade deal that would prevent the two countries from imposing triple-digit tariffs on their mutual exports.

Another week of trading starts on a positive footing, buoyed by a range of news items pleasing investors. The first came from the long-awaited US inflation data released on Friday after weeks of official data drought during the government shutdown. Headline inflation advanced to 3% in September – the highest since early 2021 and still well above the Fed's 2% target.

Trade worries resurfaced yesterday — yes, resurfaced instead of easing — after reports that the Trump administration is considering new restrictions on software exports to China. Are we surprised? Not really.