Government Shutdown Looms and Payrolls Decline

# US Futures Show Mixed Signals as Government Shutdown Looms and Payrolls Decline

**Note**: This analysis is generated during US premarket, markets closed but futures trading. Event times in US Eastern Time.

## Major News

Global markets are reacting to significant developments, particularly the U.S. government shutdown, which could lead to the furlough of hundreds of thousands of federal workers and disrupt critical services. This uncertainty has contributed to a cautious sentiment in U.S. futures, with S&P 500 futures slightly up by 0.01%, while Nasdaq futures dipped by 0.005%. Dow futures gained 0.14%.

In Europe, indices showed positive momentum; the Euro Stoxx 50 rose by 0.65%, while the DAX and CAC 40 increased by 0.91% and 0.47%, respectively, reflecting a more optimistic outlook amid the shutdown concerns. The FTSE 100 also gained 0.59%.

The ADP report indicated a surprising decline of 32,000 private payrolls in September, marking the largest drop in two and a half years, further influencing market sentiment. In the pharmaceutical sector, Pfizer’s agreement with Trump alleviated tariff concerns, boosting confidence among drugmakers, while GSK’s CEO expressed a commitment to the U.S. market.

In commodities, the ongoing dynamics in the market remain influenced by these economic factors, while the crypto market continues to show volatility amid broader economic uncertainties. Overall

## Performances

### US Futures

US futures indicate opening sign for cash market.

### Major US Indices (Previous Close)

### FX Performance

### Commodities Performance

### BTC and ETH Performance

## High-Importance Economic Events

On October 1, 2025, several significant economic events are set to impact global markets, particularly currencies.

At 00:30 ET, the Reserve Bank of India (RBI) announced an interest rate decision, maintaining rates at 5.50%, aligning with market expectations. This stability may support the Indian Rupee (INR) amid ongoing economic uncertainties.

In the UK, the Nationwide House Price Index (HPI) for September revealed a surprising 0.5% monthly increase, surpassing the forecast of 0.2%. This positive data could bolster the British Pound (GBP) as it suggests resilience in the housing market.

Conversely, the Eurozone’s HCOB Manufacturing PMIs showed mixed results, with Spain and Italy’s PMIs falling below expectations, while Germany’s PMI exceeded forecasts. The overall Eurozone PMI registered 49.8, slightly above the anticipated 49.5, indicating a contraction but less severe than expected, which may lend some support to the Euro (EUR).

In the US, the ADP Nonfarm Employment Change for September reported a surprising loss of 32,000 jobs, starkly contrasting the forecast of a 52,000 gain. This disappointing figure could weigh on