Markets

By&nbspEuronews

Published on
19/11/2025 – 12:14 GMT+1

European stocks showed mixed signals on Wednesday, somewhat easing fears of a global market crash.

At around midday, Germany’s DAX was up less than 1%, while the UK’s FTSE 100 and Spain’s IBEX 35 also saw modest lifts.

Italy’s FTSE MIB dropped less than 1%, as did France’s CAC 40.

Both the STOXX 50 and the wider STOXX 600 showed minimal movement.

Investors kept an eye on data releases on Wednesday, with UK inflation easing to 3.6% in October, down from 3.8% in July, August, and September.

The annual inflation rate in the eurozone, meanwhile, came in at 2.1% in October, a confirmation of a preliminary reading. That’s down from 2.2% in September.

“Investors will breathe a sigh of relief that the market sell-off has lost momentum,” said Russ Mould, investment director at AJ Bell.

“It’s the good news everyone wanted. The key question is whether this is simply the calm before the storm.”

In Asian trading on Wednesday, markets were broadly in the red.

Japan’s Nikkei 225 fell 0.34%, Hong Kong’s Hang Seng was down 0.38%, South Korea’s Kospi slid 0.61%, while Australia’s S&P/ASX 200 slid 0.25%. China’s SSE Composite rose 0.18%.

After a day of losses on Tuesday, Wall Street showed signs of optimism on Wednesday.

Ahead of the opening bell, S&P 500 futures were up 0.30%, while Dow Jones futures increased 0.12%. Nasdaq futures were trading 0.37% higher.

Investors around the world are awaiting third-quarter results from chipmaker Nvidia, set for release later on Wednesday.

Nvidia’s performance matters disproportionately because its immense size means it’s the most influential stock on Wall Street. Its financial report will also influence the narrative around an AI bubble and fears that tech stocks may be overvalued.

“Nvidia reports tonight and the slightest bit of news to disappoint investors has the potential to whip up a tornado across global markets,” said Mould.

“Investors will be hanging on Jensen Huang’s every word and looking for clues that big investment in AI is worth it.”

The UK’s Christmas markets are back and bigger than ever, with a huge variety of food and drink on offer – but Christopher Megrath made a mistake with during his first visit

The Liverpool Christmas Markets are in full swing, with a tantalising array of mouth-watering scents wafting through St George’s Plateau.

The North West city’s festive fair has been named one of the nine best in the country this year, following a poll of Which? readers. It outperformed its larger sibling market in Manchester.

Clarke Events, the masterminds behind the markets, have hinted that this could be the “best year yet”, and they might just be right. The annual market attracts thousands of visitors each year, and with the event running until Christmas Eve, there’s ample time for shoppers to pop by and soak up the festive vibes.

Since relocating from Church Street in 2016, the markets have found a successful home at St George’s Plateau. Christopher was among the first wave of visitors when the gates opened this morning and was instantly spoilt for choice.

In a moment of gastronomic folly shortly after arriving at the Liverpool market, Reach’s Christopher Megrath made a beeline for one of the most ostentatious food trucks in sight – a decision he would soon rue.

Nestled towards the back of the plateau, near St John’s Gardens, is the festive pie truck. With four fillings on offer and all the trimmings, it was Christopher’s first port of call on this culinary Christmas journey.

Christopher was warmly welcomed by two delightful staff members who good-naturedly ribbed him for ordering at the wrong side. The ensuing chat was a surprisingly pleasant exchange he hadn’t anticipated over a pie, reports the Liverpool Echo.

On offer were beef, ham and vegetable pies, but Christopher opted for turkey with all the trimmings, smothered in gravy. For those wanting a bit more, apple sauce and cranberry are also available.

After bidding goodbye to the traders, Christopher found the most inviting patch of damp ground to sit and tuck into his meal.

Christopher’s cardboard pot was filled with a turkey pie, two pigs in blankets, a couple of carrots and Brussels sprouts, a dollop of mashed potato and stuffing, all smothered in just the right amount of gravy, setting him back £13.

The filling was predominantly vegetables, including cabbage, turnip and even more Brussels sprouts, interspersed with a few chunks of turkey. The crust was a bit on the tough side for his liking, but the filling was scrumptious.

It took him about five minutes to polish off the lot, ensuring not a drop of gravy was wasted.

Overall, Christopher relished the meal, but quickly realised that starting his market visit with a makeshift roast on-the-go was a terrible idea. He spent another hour meandering around the grounds, sampling light bites and sweet treats, but the festive pie had done him in.

Christopher was delightfully stuffed.

If you want to keep your energy levels up for the rest of the evening, Christopher would recommend visiting the truck at the end of your journey. Christopher felt like taking a nap afterwards. Do make sure to sample a bit of everything, as the variety on offer is truly splendid, he explained.

Liverpool Christmas Market is also set to tantalise taste buds with a vast array of international flavours. Regular favourites will include Yorkshire pudding wraps, bratwurst, noodles, salt and pepper chicken, halloumi, Greek gyros and souvlaki, roast pork baps, mac n cheese, burgers, siu mai, donuts, waffles, crepes, fudge, sweets, home bakes and hot crumble pudding.

For those with a sweet tooth, there’ll be brownies, cookies, hot cookie dough, candy floss, popcorn, toasted marshmallows, fresh baked macaroons, churros, candy and hot roasted chestnuts. A full list of traders and prices can be found here.

Asian and global stock markets started the week cautiously as investors navigated geopolitical tensions and a packed week of corporate earnings and U.S. economic releases. A deepening dispute between China and Japan weighed on Tokyo shares, while market participants prepared for key data, including Thursday’s delayed U.S. September jobs report and Nvidia’s earnings due Wednesday after market close.

Expectations for a U.S. interest rate cut in December have fallen below 50%, following recent signals from policymakers. This shift has increased pressure on technology stocks, which are highly sensitive to interest rate changes.

Asia Markets and Geopolitics

Japan’s Nikkei fell 0.2%, with tourism and retail stocks hit hard after China advised its citizens against visiting the country. Major declines included Isetan Mitsukoshi, Muji parent Ryohin Keikaku, and Shiseido, each down around 10%.

In Australia, BHP dropped 0.6% after a UK court found the company liable for a dam collapse in Brazil, leaving the overall index relatively flat. Hong Kong’s Hang Seng and China’s CSI300 indexes each fell roughly 1%.

Japan’s economy contracted for the first time in six quarters, partly due to U.S. tariffs, while a reported $110 billion stimulus plan influenced bond markets, pushing 20-year yields to a 26-year high. Analysts caution that shaky fiscal credibility could further pressure the yen, drawing parallels to Britain’s recent market turmoil following uncertainty over tax hikes.

U.S. Data and Treasury Yields

The U.S. Treasury 10-year yield held steady at 4.163% in Asia trading, following a slight rise on Friday. Wall Street indexes ended last week mixed, with a modest drop for the S&P 500 and small gains for the Nasdaq.

Thursday’s U.S. September jobs report is expected to be closely watched, although private-sector surveys have already indicated a slowdown. Analysts note that the headline data may be too stale to significantly shift market expectations, with CPI data remaining the key factor for Fed policy.

Corporate Earnings Spotlight

Investor attention this week is also on U.S. corporate earnings. Retail giants Home Depot, Target, and Walmart are reporting results, but all eyes are on Nvidia. The chipmaker’s stock has soared roughly 1,000% since the launch of ChatGPT in November 2022, including a year-to-date gain of over 40%, making it the first company to surpass a $5 trillion market valuation last month.

Nvidia’s earnings are widely seen as a litmus test for technology stocks and the broader market rally.

Commodities and FX

The U.S. dollar held slightly higher, keeping the euro below $1.16 and strengthening against other major currencies. Gold stabilized at $4,060 an ounce after Friday losses, while Brent crude slipped 1% to $63.78 as Russian supply resumed at a previously disrupted hub.

Bitcoin, often a barometer for tech stocks, rebounded slightly from its largest weekly drop since March, trading at $95,000 after losing more than 10% last week.

Outlook

Markets are entering a pivotal week where U.S. labor data and corporate earnings particularly from Nvidia could influence stock sentiment and interest rate expectations. Geopolitical tensions in Asia add another layer of uncertainty, keeping investors cautious and highlighting the interlinked nature of global markets.

With information from Reuters.

Which? magazine has named the top nine Christmas market cities in the UK, heaping praise on certain festive fairs and completely ignoring large parts of the country

The nine best Christmas markets in the UK have been named, with large stretches of the country totally missing out.

As the nights draw in, the temperature drops, and the desire to wrap your hands around a steaming mug of hot chocolate reaches breaking point, there’s little more fun to be had than heading to a Christmas market.

Unfortunately, your access to a top-quality festive fair very much depends on where you live in the UK, if Which?’s annual ranking of the best Christmas market cities is to be believed. Those living in Wales, the West Midlands, the East Midlands, and London live in top-quality Christmas market deserts. While there is one of the top nine in Scotland, if you live in the large part of the country that isn’t in Edinburgh, then you’re out of luck.

Here are the best of the best, according to Which?

Do you have a travel story to share? Email [email protected]

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Bath: More than 200 wooden chalets line the cobblestone streets of Bath during one of the UK’s biggest and best-known Christmas markets, which marks its 25th anniversary this year. With Bath Abbey and the Roman Baths as a picturesque backdrop, stallholders sell handmade wooden furniture, garden sculptures, Bristolian knitwear and indie fragrances. Seasonal treats are also a highlight, including festive bakes from Flapjackery and the Pudding Wagon. You can continue the celebrations at nearby Royal Victoria Park with a turn on the ice rink or a winter stroll along the city’s famous Royal Crescent.

Chester: This year, Chester’s market has grown to include 80 stalls around the Victorian Gothic town hall and medieval cathedral, offering handcrafted candles, upcycled cutlery, artisan liqueurs and more. Independent traders can also be found in the double-deck shopping arcades known as the Rows, which date back to the 13th century and remain one of the city’s most distinctive features. Across the city, Roman ruins, ancient gatehouses, Tudor buildings and Georgian and Victorian architecture add to Chester’s enduring appeal.

Durham: Durham’s Christmas market is a quiet and peaceful event, made up of around 30 stalls spilling out of the Market Hall and into nearby flagstone streets. Visitors can browse locally made hot sauce, reworked vintage clothing, sweet treats and handmade decorations. A crafts and gifts marquee with more than 120 extra stalls is also available, although it requires paid entry. After sampling the festive food, you can climb the 325 steps of Durham Cathedral for a rewarding view.

Winchester: Set within the grounds of the stunning Winchester Cathedral, the city’s Christmas market features wooden chalets offering silk scarves, wooden toys, pet portraits and handmade homeware. Local choirs and musicians provide the soundtrack as you shop. Seasonal food such as artisan cheese, a traditional hog roast and handmade scotch eggs adds extra indulgence. Winchester’s independent shops are also worth exploring, and a visit to the cathedral itself is highly recommended.

Wells: This market takes place on just one Saturday in mid-December, so timing is key. More than 100 stalls fill Bishops Palace Green and Wells Market Place on Saturday 6 December, making it a worthwhile festive outing. The medieval city has plenty to offer for a weekend escape, including a wide selection of independent shops and eateries.

Liverpool: Liverpool’s Christmas market sits in front of the fairy-lit St George’s Hall, with stalls styled as gingerbread houses and grottos. Visitors say it is less traditional than some markets, with fewer artisan crafts and mince pies and more 80s Christmas pop, fairground rides and comforting street food such as roast ham baps and mac and cheese. Beyond the market, Liverpool offers plenty to see, including the museums at Albert Dock, the Walker Art Gallery and the city’s two cathedrals.

Edinburgh: One of the UK’s most striking cities becomes even more enchanting at Christmas. Wooden chalets line East Princes Street, selling Yuletide gifts and cosy stocking fillers. A mini funfair features a helter-skelter, a swing carousel that nearly brushes the Gothic Scott Monument, and a big wheel with views of Edinburgh’s medieval castle and Arthur’s Seat. After browsing, you can explore the winter gardens, go ice skating or wander the New Town for more shopping in a city famous for its Hogmanay celebrations.

York: Known as St Nicholas Fair, York’s Christmas Festival has been a seasonal favourite for more than 30 years and is ideal for finding gifts. Alpine chalets decorated with twinkling lights fill Parliament Street and St Sampson’s Square, where shoppers can pick up art prints and Christmas decorations. Which? praises the market’s strong focus on accessibility, with initiatives for visitors with limited mobility and quiet shopping times from 10am to 12pm for those who prefer a music-free experience. The city’s rich history offers even more to explore, including York Minster and the Shambles, a medieval street lined with half-timbered houses, independent shops and a market.

Belfast: Now in its 21st year, Belfast’s Christmas market fills the grounds of the City Hall and is a favourite with food lovers. Visitors can sample flavours from around the world, including ostrich, wild boar and crocodile burgers, along with classic sausages, beer and speciality cheeses. With more than 100 traders, there is plenty to explore, along with a funfair for children. Additional food options can be found at St George’s Market, which is packed with local producers on Fridays, Saturdays and Sundays, or you can visit Cathedral Square for bars, restaurants and galleries.

A festive fan who has visited more than 100 Christmas markets shared her top picks in a video

The Christmas market season has officially kicked off, with many festive fans planning European getaways. For those still undecided on where to go, travel blogger Helene Sula could know just the place. The festive enthusiast has shared a list of her top picks, from the markets with delicious food to those with the prettiest decorations.

Posting on her popular TikTok page @heleneinbetween, Helene revealed her favourite markets, as someone who has visited more than one hundred of them. She told viewers: “After going to over 100 Christmas markets, here are my awards.” Helene then shared videos from her favourite picks, sharing recommendations for fellow festive fans.

Kicking off her list, Helene said Strasbourg, in France, wins ‘best decor’. Often nicknamed the ‘Capital of Christmas’, Strasbourg is home to one of the oldest Christmas markets in Europe, with four centuries of tradition.

The website states: “Every winter, Strasbourg is transformed into a veritable showcase of light and magic. The heart of the city beats to the rhythm of Christmas, and the streets and squares immerse you in an enchanting world where lights, decorations and scents create an unforgettable experience.”

Next, Helene awarded Frankfurt, in Germany, the title of ‘most surprising’ market, and she thought Bratislava, in Slovakia, offered the ‘best vibes’. The travel blogger loved the drinks on offer at Heidelberg, in Germany, and thought the market had the ‘best glühwein.” For ‘least crowded’, she voted Linz, in Austria.

Helene loved Brussels, in Belgium, suggesting the market offers the ‘best food’. According to the market’s website, it boasts more than 200 chalets, showcasing the capital’s heritage and culture. The blogger also shared a ‘most unique’ award, which went to Ribeauvillé, in France.

For ‘most charming’, she voted Colmar, also in France. However, Gengenbach, in Germany, won ‘most affordable.’ According to the blogger, Aachen, in Germany, deserved the ‘best shopping’ title. As for ‘best themed markets’, Helene suggested Cologne, in Germany, was a worthy winner.

She also crowned Vienna, in Austria, as the winner of the ‘most beautiful’ award. The tourism board says that Austria is the place to pick for ‘romantic Christmas markets’ with ‘glistening lights and seasonal treats’.

Finally, Helene praised Budapest, in Hungary, as the ‘best city to explore outside of the market.’ Festive activities advertised by the tourism board include the Christmas tram, ice rinks, Christmas concerts, and, of course, the markets, reports the Express.

Helene’s video impressed social media users. Replying to the video, someone wrote: “Going next month!! Cannot wait. Thanks for this list.” Another fan said: “I need to see this.”

A commenter shared: “I loved the elf market in Cologne so much!” Someone else replied: “I’ve been to both Aachen and Cologne, this year I’ll be going to Duisburg! I am a big fan of Currywurst!”

They added: “I forgot Düsseldorf, I’ve been to that one too, but it wasn’t on your list.” A different viewer replied: “Yay. My town Cologne made it. Although I gotta visit Brussels and try that food.”

European markets opened significantly lower on Friday, following a retreat in Asian shares in the morning and Wall Street’s tumble on Thursday, as investors reassessed the outlook for interest-rate cuts and questioned the lofty valuations of leading US technology and AI stocks.

“Markets are down across the board as investors fret about cracks in the narrative that’s driven the mother of all tech rallies over the past few years,” said Dan Coatsworth, head of markets at AJ Bell. The key concern is “about rich equity valuations and how billions of dollars are being spent on AI just at a time when the jobs market is looking fragile”, he added.

In Europe, sentiment was gloomy on Friday morning as UK government bond yields jumped following reports that Chancellor Rachel Reeves has abandoned plans to raise income tax rates in this month’s Autumn Budget. The ten-year gilt yield climbed above 4.54% before easing slightly. If confirmed, the chancellor’s move — first reported by the Financial Times — would leave a shortfall in the public finances.

London equities weakened, with bank shares among the worst performers on the FTSE 100 as investors digested the prospect of a tighter fiscal backdrop.

By around 11:00 CET, the FTSE 100 was down more than 1.1%, the European benchmark Stoxx 600 had lost nearly 1%, the DAX in Frankfurt dipped more than 0.7% and the CAC 40 in Paris fell nearly 0.7%. The Madrid and Milan indexes were down 1.2% and 1% respectively.

“Despite the doom and gloom, the scale of the market pullback wasn’t severe enough to suggest widespread panic,” said Coatsworth, adding that “a 1% decline in the FTSE 100 is not out of the ordinary for a one-day movement when markets are feeling grumpy”.

On the corporate front, luxury group Richemont was among the best performers, soaring 7.5% after beating forecast first-half results. Siemens Energy jumped more than 10% after the company raised its targets for the 2028 financial year. In other news, French Ubisoft delayed its financial report for the past six months; trading in its shares was suspended after an earlier drop of more than 8%.

Across the Atlantic, Wall Street endured one of its weakest sessions since April on Thursday, with the S&P 500 sliding 1.7% and the Dow Jones Industrial Average falling 1.7% from its record high set a day earlier. The tech-heavy Nasdaq dropped 2.3%.

Shares in major AI-linked companies came under heavy selling pressure, with Nvidia down 3.6%, Super Micro Computer off 7.4%, Palantir falling 6.5% and Broadcom losing 4.3%. Oracles lost more than 4%.

The sector’s extraordinary gains this year have prompted comparisons with the dot-com boom, fuelling doubts about how much further prices can rise.

Expectations for a further US interest-rate cut in December have also diminished, with market pricing now suggesting only a marginal chance the Federal Reserve will move again this year.

Asian markets mirrored the downbeat tone as fresh data showed China’s factory output grew at its slowest pace in 14 months in October, rising 4.9% year on year — down from 6.5% in September and missing expectations. Fixed-asset investment also weakened, dragged down by ongoing softness in the property sector.

South Korea’s Kospi led regional losses, tumbling 3.8% amid heavy selling of technology shares. Samsung Electronics dropped 5.5% and SK Hynix slid 8.5%, while LG Energy Solution lost 4.4%. Taiwan’s Taiex declined 1.8%.

Japan’s Nikkei 225 shed nearly 1.8%, reversing Thursday’s gains, with SoftBank Group plunging 6.6%. In China, Hong Kong’s Hang Seng fell 2% and the Shanghai Composite slipped 1%.

Meanwhile, oil prices strengthened. Brent crude rose nearly 1.6% to $63.99 a barrel, and West Texas Intermediate added 1.8% to $59.76. The dollar was slightly firmer at ¥154.55, while the euro traded at $1.1637.

Christmas markets have been popping up across Europe, and one expert has shared the secrets to a perfect trip – including the best time to visit to avoid the crowds.

Christmas markets have been springing up throughout Britain and across Europe, and whilst there are numerous options domestically, many Brits are planning to jet off for a winter break.

Whilst visiting these markets is undoubtedly enjoyable, they can frequently become overcrowded, which might diminish the enchantment of the experience for some visitors.

Maren Schullerus, GetYourGuide‘s German Market Expert, has attended over 60 Christmas markets worldwide, and is now sharing insider tips for the perfect getaway – including optimal times to avoid the masses.

Regarding the best timing, she advises: “The best time to visit a Christmas Market and beat the crowds is on a weekday, mid-December at around 4pm. The kids are usually still in school, and it’s dark early, so it feels Christmassy.”

For those seeking a quieter alternative, or a market suited to a romantic escape, Maren suggested the Santa Pauli Christmas Market in Hamburg, which specifically caters to an “adults-only” audience with entertainment including a Bauble Burlesque show.

She also cautioned against succumbing to tourist traps whilst visiting these markets, such as learning to distinguish whether something is genuinely handmade or factory-produced.

Maren explains: “When it comes to souvenir buying, there’s a few indicators that the person has made it themselves, as opposed to it being shipped from a factory.”

“Three tips: Look for stalls that won’t let you photograph their crafts, look for tradespeople that can tell you how they made it and make sure you’re allowed to pick it up and have a look before you buy it.”

Whichever market you choose to visit, make certain you dress warmly, as temperatures at some destinations could plummet to -15C°. For particularly cold locations, Maren suggests buying pocket warmers to keep your hands toasty.

Remember to bring both your card and cash when attending, as certain market vendors only take cash payments, whilst ATMs at these markets typically charge withdrawal fees.

For those worried about the dreaded mulled-wine hangover, Maren recommends: “Look for the ‘Winzer-Glühwein.’ This is real wine from your local wineries. Stands usually state clearly that they are ‘Winzers’ (winemakers). You’ll get the tastier Glühwein options without the headache.”

European stocks rallied at the start of the new trading week as a late test vote in the Senate on Sunday raised expectations for a bipartisan deal to fund the government, lifting investor sentiment across regions.

US stock futures climbed, and European indices followed suit.

Germany’s DAX rose 1.5%, France’s CAC 40 gained 1.4% and London’s FTSE 100 advanced 0.8% at around 11:00 CET. The uptick reflected renewed optimism that the shutdown, which has hindered access to key economic data, could soon end, alleviating uncertainty for markets.

AJ Bell investment director Russ Mould said the Senate vote was an important first step, but that there were still hurdles to be cleared.

“A key impact on the markets of the impasse, beyond the hit to the wider economy, has been the lack of data as key releases on areas like the jobs market have been delayed,” Mould said.

He added that this “created a considerable dose of the uncertainty which markets famously hate, and it is also hampering the ability of the Federal Reserve to make informed decisions on interest rates.”

“In this context, it’s not a surprise to see investors react positively to signs of progress, with Asian shares higher, indices on the front foot in Europe and US futures pointing towards gains when Wall Street opens later.”

A respite for whiskey and spirits

Meanwhile, shares in beleaguered drinks giant Diageo soared 6.4% in early trade on news that former Tesco chief executive Dave Lewis was appointed to lead the company.

Diageo is one of the world’s biggest drinks groups and a heavyweight in the FTSE 100, with a stable of blue-chip brands such as Johnnie Walker, Guinness, Smirnoff, Tanqueray, Don Julio and Baileys sold in more than 180 countries

The company has struggled with falling drink consumption after the end of the COVID-19 pandemic, and an end to the government shutdown is positive for Diageo as the United States is its single largest market

Lewis, who is set to take over in January 2026, was known as “Drastic Dave” for his role in turning around the supermarket chain.

Dan Coatsworth, head of markets at AJ Bell, said the appointment was a “significant hire and a pleasant surprise”.

He explained that investors “are clearly excited about Diageo’s prospects under Lewis. The stock is unloved after several years of disappointment, and the appointment of a highly respected CEO could be enough to win over many investors.” However, Lewis knows he will ultimately be judged on results, not hope.

A boost for dollar exchanges and gold

In terms of currencies, the dollar exchange rate remains steady, with the current euro exchange rate hovering at around $1.15, while the yen exchange rate went up slightly to $154.1 or by 0.5%.

The UK pound is slightly weaker against the dollar, going down by 0.1% to $1.315.

Gold is up about 1.8% at roughly €3,521 per troy ounce (about €113 per gram and €113,200 per kilogram). It is still sought out as a safe place to park money, even as shutdown worries ease.

AI and tech leaders are firmer in pre-market trading alongside the broader risk-on tone, and reports show Nvidia up by around 3.5%.

The move sits within a wider global relief rally as investors price a potential end to the shutdown.

In other developments, shares of Danish pharmaceutical giant Novo Nordisk rose by 2.3% by midday in Europe after the company announced a partnership with Indian drugmaker Emcure Pharmaceuticals to market its weight-loss treatment Wegovy under a new brand through an exclusive agreement.

Meanwhile, the company failed in its bid to acquire biotech firm Metsera. The biotech company based in New York, which develops promising drugs against obesity, said it would accept a revised offer from Pfizer of up to $10 billion (€8.65bn).

US Senate vote to end shutdown delivers reprieve to investors worried about AI valuations and weakness in US economy.

Stocks from the United States to Japan have risen sharply amid hopes that an end to the longest US government shutdown in history is imminent.

US lawmakers on Sunday moved to end a five-week impasse over government funding, a boost for investors unnerved by signs of growing weakness in the US economy and the sky-high evaluations of firms involved in artificial intelligence.

After a group of Democrats broke with the party leadership to join Republicans, the US Senate voted 60-40 to advance a bill that would fund government operations through the end of January.

The funding package still needs to win final approval in the Senate and then pass the US House of Representatives, after which it would go to US President Donald Trump for his signature – a process expected to take days.

Stock markets in the Asia Pacific made large gains on Monday, while futures in the US also rose in advance of stock exchanges reopening.

South Korea’s benchmark KOSPI led the gains, rising about 3 percent as of 4pm local time (07:00 GMT).

Japan’s Nikkei 225 and Hong Kong’s Hang Seng also rose sharply, advancing about 1.3 percent and 1.5 percent, respectively.

Taiwan’s Taiex rose about 0.8 percent, while Australia’s ASX 200 gained about 0.75 percent.

Futures for the US’s benchmark S&P 500 and tech-heavy Nasdaq-100, which are traded outside of regular market hours, were up about 0.75 and 1.3 percent, respectively.

The reprieve comes as investors are concerned that AI-linked stocks may be wildly overvalued and that Trump’s sweeping tariffs could be doing more damage to the US economy than has been captured in headline data so far.

Nvidia, whose graphics processing units are integral to the development of AI, last month became the first company in history to reach a market valuation of $5 trillion, a day after tech giant Apple surpassed $4 trillion in market value.

While the Bureau of Labor Statistics’ official jobs report has been suspended since August due to the government shutdown, several other analyses have pointed to a rise in layoffs in October.

Challenger, Gray & Christmas, an executive outplacement firm, said in a report last week that layoffs surged 183 percent last month, making it the worst October for jobs since 2003.

A separate analysis by Revelio Labs, a workforce analytics company, estimated that the economy shed 9,100 jobs during the month.

One Reddit user said they had visited markets in Germany, Austria, the Czech Republic, Finland, and Estonia last winter, and the experience soon began to lose its sheen.

Visiting a Christmas market is a delightful festive tradition for many. The ambience and festivity make them a great way to get into the seasonal spirit, and there’s a chance of finding some unique Christmas gifts you wouldn’t spot elsewhere.

But there can be too much of a good thing, as one Reddit user discovered when they visited eight different markets across Europe last winter. Posting on the social media site, the user said they had visited markets in Germany, Austria, the Czech Republic, Finland, and Estonia, and the experience soon began to lose its sheen.

They wrote: “When I visited more than two or three markets in a short time (weekend) they all started to blur together really quickly. Each market had its own things, like different themes, food, and decorations, but after a few markets, it became hard to remember what things were in which city.

“All the markets started to feel repetitive, like a general ‘winter/Christmas market’ packed with people rather than something new and interesting in each location.”

They added they were disappointed to see local, handmade products were often drowned out by mass-produced goods. Concluding, they said they would still be visiting some Christmas markets this year, but would spread out their visits, and wouldn’t go to as many.

“I don’t regret my travel decisions – mainly because the markets were not the main point of my travels,” they said. “But if they were, I would be, just because it turns into one big blur so easily.

“So I will definitely recommend checking out some Christmas market or two if they’re your thing, just spend a little bit more time there to actually translate and understand all the cool local products they have.”

Commenters were mixed in their reactions, with some agreeing, but others saying they loved visiting Christmas markets in the lead-up to the big day.

One wrote: “I think going to one Christmas market – either here at home or somewhere else – per year can be charming, but to be honest, the whole thing has become so industrialised that I’m pretty done even after one. But I see it as more of an experience and usually don’t want to buy much.

“Like part of the charm is being outside, getting rosy cheeks, dipping in somewhere for a cappuccino or hot chocolate, or having eiswein, being with friends and not having structure or plans. Goes honestly for outdoor markets not at Christmas time, also, but there is something unique and charming at Christmas. It is sad about the squeezing out of real artisans.”

Another said: “Visiting too many Christmas markets quickly can really drain the experience and make them blur together tbh. It is actually smart to focus on one or two. I’d also support local artisans over mass produced souvenirs to keep the culture and quality alive.”

But a third said: “I’ve been to lots of Christmas markets with nice local food, crafts and arts that you can’t easily find elsewhere. And even if it is stuff you can find elsewhere, often the ambience is often quite nice. Talking about the real deal, German markets, and the best of Dutch markets; many other countries have markets which are fake touristy imitations of the real deal.”

And another said: “I love the markets, and go to several for the vibe and the food and the gluhwein. German village markets are fantastic.”