The U.S. government has begun its first partial shutdown in 17 years after a day of back-and-forth between the House and the Senate that resulted in Congress failing to pass a budget to fund the federal government.
On Monday afternoon and the later in the evening, the Senate rejected House measures that tied government funding to a one-year delay to provisions of Obamacare.
The House then called for a bipartisan committee with the Senate to try to forge an agreement, but Democrats rejected the overtures as too late.
U.S. and European stock futures don't seem to be too perturbed, with the Dow +0.2%, the S&P +0.3% and the Nasdaq +0.3%. The Dax is +0.1%, the CAC 40 +0.1% and the FTSE 100 +0.1%.
U.S. 10-year Treasury yields are +2bps to 2.64%.
Gold is +0.1% to $1328.70, while oil is -0.3% at $102.05.
In Asia-Pacific Japan +1%, India +0.4%, Australia +0.1%.