Asian shares head to 5-mth highs on hopes for U.S. deal

[grantcart]

Source: Reuters

TOKYO (Reuters) - Asian shares rose to their highest in nearly five months on Tuesday on heightened hopes for a deal in Washington to reopen the U.S. government and avert a possible debt default, though investors remained wary with the deadline just days away.

European shares were expected to follow suit, with financial spreadbetters predicting Britain's FTSE 100, Germany's DAX and France's CAC 40 would all open up around 0.5 percent.

"The sudden the u-turn in sentiment has seen the bears blindsided," Capital Spreads trader Jonathan Sudaria wrote in a note to clients.


Read more: http://finance.yahoo.com/news/asian-shares-head-5-month-032844635.html

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They don't understand how volatile and nuts the House Republicans can be.

I think a deal will be done, just wouldn't bet the farm on it.

[KurtNYC]

1. This is when some of those NSA phone and email taps would come in handy

Takes all the guessing out of it.