THE LOCAL SHAREMARKETS ENDED HIGHER... DESPITE A DAY OF POLITICAL DRAMA IN THE US CONGRESS HAS ENDED WHERE IT STARTED... WITH DEMOCRAT AND REPUBLICAN LEADERS STILL LOCKED IN TALKS ON HOW TO RESOLVE THE COUNTRY'S DEBT CRISIS. WITH TIME FAST RUNNING OUT, THEY SAY AN AGREEMENT IS CLOSE

US LAWMAKERS SAY DETAILS ARE STILL TO BE WORKED OUT.

THE SENATE AND HOUSE OF REPRESENTATIVES ARE SCHEDULED TO HOLD SESSIONS ON WEDNESDAY AND THEY COULD DEBATE ANY DEAL THAT SENATE LEADERS ULTIMATELY STRIKE.

DESPITE ALL THE DIRE WARNINGS THOUGH OUR MAREKTS HIGHER... RELYING ON headlines THAT suggest a deal will be sealed despite the US Senate adjourning until tomorrow.

THE ALL ORDS

 

THE ASX 200

MOST OF THE SUPPORT COMING FROM BANK AND RESOURCE SECTOR... OF COURSE THE HEAVY WEIGHTS

TAKING A LOOK ACROSS THE REGION...

OVERNIGHT IN THE US ... SELLING ACCELORATED LATE IN TRADE AS TALKS DESOLVED...

 

THE DOW GAVE UP ALMOST ONE PER CENT

GOLD xxx

AND THE DOLLAR xxx

INVESTORS LIKE CHRIS WESTON FROM IG ... SAYS MARKETS AREN'T AS WORRIED AS JOURNALISTS ARE ABOUT THIS WEEKS DEBT DEADLINE... AND THAT'S WHY THE LOCAL MARKET ISNT BEING SOLD DOWN.

 

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