Overnight Market Snapshot – October 17, 2013

The US equities markets (DJIA +1.36%, S&P 500 +1.38%, Nasdaq +1.20) rallied sharply last night on news that the Senate has already crafted a deal to end the US government shutdown and raise the country’s debt ceiling. Philippine-related shares like the EPHE (+0.86%) and PHI (+0.17%) were also positive. Risk-on mode from last night may likely lift the sentiment in the local market as well.

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