LIVE MARKETS-Europe before the bell: Futures jump as US government shutdown seen ending

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EUROPE BEFORE THE BELL: FUTURES JUMP AS U.S. GOVERNMENT SHUTDOWN SEEN ENDING

European equity futures are taking their cues from what's going on elsewhere on Monday, as the prospect of an immediate end to the longest U.S. government shutdown on record gives risk sentiment a boost.

Late on Sunday, in a procedural vote, the U.S. Senate advanced a bill that would fund the government until the end of January and end the 40-day shutdown that has sidelined federal workers and swathes of official economic data.

If the Senate eventually passes the amended measure it still must be approved by the House and sent to Donald Trump for his signature, a process that could take several days, but, markets are still in a buoyant mood.

Euro STOXX 50 futures STXEc1 are up 1.6%. Major equity futures in Frankfurt FDXc1, Paris FCEc1 and London FFIc1 are up between 0.9%-1.6%.

S&P futures EScv1 are rising 0.7%.

Away from the shutdown, investors will be watching Diageo DGE.L shares after the Guinness maker appointed Dave Lewis, former Tesco boss and current chair of Haleon, as its new CEO.

(Samuel Indyk)

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