Scoreboard: See the light

US stocks rose, despite some volatility, as tentative moves were made towards an end to the Washington impasse.

There was a bit of volatility around the open, but US stocks were largely bid for most of the session – as hopes grow that a deal on the budget impasse might be reached – possibly by this morning (afternoon US time). I haven’t heard what House Republicans think of the deal, but the rhetoric is all good so far in the Senate and the White House. Indeed Senate leaders Harry Reid and Mitch McConnell both expressed optimism, again, that a deal might be reached as soon as today – although talks with the White House that were planned for this morning have been delayed. 

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