Scoreboard: Sealed deal

Markets rallied on news of a US debt deal – an event which ensures no Fed taper until after February.

Stocks on Wall Street rebounded overnight; the major indexes up around 1 per cent as news broke the Senate had come to a budget deal. It should be noted that at the time of writing it hadn’t yet actually been passed by the Senate, not to forget the House. However Senators on both sides are confident the legislation will be passed. Even then, it’s not like anything will have been resolved though. It really only gives more time for Congress to carry on. Carry On, Congress – where is Sidney James when you need him? (Action! Suspense! But no Hollywood endingOctober 17.)

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