Stock markets mostly rose on Wednesday on optimism that the US government shutdown was nearing an end and on hopes of another Federal Reserve interest rate cut.

Paris and Frankfurt both gained around one percent, while London dipped nearing the half-way mark.

In Asia, Hong Kong and Tokyo advanced. Shanghai edged lower.

"The prospect of an end to the US government shutdown later today is fueling demand for risk assets," said Kathleen Brooks, research director at trading group XTB.

After passing the Senate, a spending bill to reopen the US government is due before the House of Representatives and then Donald Trump, with hopes services can resume as soon as Friday.

Investors have welcomed the deal, which will end a shutdown that began on October 1 and saw a million federal workers unpaid

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