US indices began the new trading week on a strong note as hopes of the 42-day US Government shutdown coming to an end increased.

The Dow Jones gained over 400 points as investors turned towards risk assets, the S&P 500 gained 1.5%, while the Nasdaq led the gains with an advance of over 2%, recovering most of last week's AI valuation-led drubbing.

Gains were led by shares of Nvidia and Broadcom. Microsoft also snapped an eight-day losing streak, the longest since 2011, ending with gains of 2%.

Monday saw the US senate agree on a principal mechanism that allows voting on the bill to end the shutdown. The process received the required 60 minimum votes after eight democrats voted in favour of the bill.

The bill will still see a final vote in the Senate, before it moves to the House for pas

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