By Dominic Lau TOKYO (Reuters) - U.S. stock index futures ticked higher on Tuesday on expectations of an imminent deal that will reopen the U.S. government and avert a possible debt default, though the political squabbling in Washington kept markets on edge ahead of the Thursday deadline. Asian stocks were expected to open higher, with Japan's Nikkei index futures up 0.8 percent, after U.S. Standard & Poor's 500 index reversed early losses to close up 0.4 percent, spurred by hopes of a U.S. budget deal. Many markets in the region, including Singapore, Indonesia and India, were closed for holidays. U.S. Senate Majority Leader Harry Reid said he and his Republican counterpart, Mitch McConnell, have made strong progress toward reaching a deal to end a partial government shutdown and lift the debt ceiling, averting a possible default, an outcome that is unthinkable for the global economy. U.S. S&P 500 E-mini futures added 0.1 percent in early Asian trade on Tuesday, though U.S. Treasury futures slipped 5-1/2 ticks. The dollar held steady at 98.67 yen, recovering from a low of 98.05 hit in the previous session. The greenback also stabilized at $1.35555 to the euro after slipping 0.1 percent on Monday. "Risk sentiment remains resilient despite the lack of a clear breakthrough in the U.S. debt ceiling and government shutdown negotiations," analysts at BNP Paribas wrote in a note. "The Japanese yen's initial rally has now fully reversed although in the absence of an agreement the near-term risks are for a stronger yen," they added. The plan under U.S. Senate discussion would raise the $16.7 trillion debt ceiling by enough to cover the country's borrowing needs at least through mid-February 2014, according to a source familiar with the negotiations. It would also fund the government operations through the middle of January. But any deal would have to win approval in the House of Representatives, where conservative Republicans have insisted that any continued government funding must include measures to undercut President Barack Obama's healthcare programme - non-negotiable for Democrats. JPMorgan analysts said market reaction to the U.S. budget impasse has been muted so far, though it did not believe investors were complacent. "Our sense is not complacency, but more a belief that a true default, beyond a technical delay in payments lasting several days, is highly unlikely, and a lack of clarity of what such a default would mean for markets beyond a sense that it will be bad," they wrote in a note. "Market participants appear to be preparing for the event risk of a delayed payment of U.S. Treasury coupons and principals by adding liquidity and avoiding securities maturing around the debt ceiling deadline." In the commodity markets, U.S. crude slipped 0.2 percent to around $102 a barrel, giving up some of Monday's gains as traders bought contracts to cover short positions ahead of a possible deal in Washington. (Editing by Shri Navaratnam)
- Business Insider
Ex-official who investigated Hillary Clinton's emails said the documents recovered by the FBI at Trump's Mar-a-Lago were particularly 'stunning' and 'egregious'
"Whether this investigation transforms into an outright criminal prosecution remains to be seen," David Laufman said on CNN.
Trump sent cryptic message to Merrick Garland before warrant was unsealed: 'The country is on fire. What can I do to reduce the heat?'
Donald Trump reached out to Attorney General Merrick Garland before the warrant to search Mar-a-Lago was unsealed, The New York Times reported.
- The Hill
The Trump Organization’s chief financial officer is coming close to reaching a plea deal in a case investigating whether he funneled off-the-books income to himself and other executives at the company, but the potential deal reportedly does not bring prosecutors any closer to their main target: former President Trump. The New York Times reported Monday,…
- Yahoo Life
Jennifer Aniston is already missing her sunny beach vacation. The actress shared a few photos in a trip recap to Instagram on Monday.
Trump's initially 'upbeat' mood about the FBI's Mar-a-Lago raid turned dark when GOP support began to wane, report says
Sources told The Washington Post that Trump initially believed that the FBI raid would benefit him as it would look like the DOJ had overreached.
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According to a doctor, one change could've saved Princess Diana's life.
Giuliani says Trump's first reaction to the FBI raid on Mar-a-Lago was to boast about the size of the crowd supporting him outside
"You see the number of people in front of Mar-a-Lago already?" Giuliani recalled Trump saying in the aftermath of the FBI raid at Mar-a-Lago.
Ex-White House chief of staff said Trump stashed records at Mar-a-Lago because 'he didn't believe in the classification system'
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Trump attempts to use a Truth Social post to make a legal request for the DOJ to give Mar-a-Lago-raid documents back
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- Rolling Stone
Blake Masters in Arizona, Mehmet Oz in Pennsylvania, and Ron Johnson in Wisconsin are going to have a little less help than they would have hoped this fall
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Accounts Donald Trump reposted included references to QAnon, the Pepe the Frog hate symbol, and debunked conspiracy theories about the FBI.
- Yahoo Entertainment
Kristin Chenoweth's naughty answer stuns Steve Harvey on 'Family Feud': 'I'm a good Christian girl, forgive me'
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- USA TODAY Sports - Golfweek
Smith is No. 3 in the FedEx Cup standings.
- In The Know by Yahoo
Woman from California shares the biggest culture shocks she faced after moving to Iowa: ‘It’s crazy different’
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- NBC Sports BayArea
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- E! News
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- LSU Tigers Wire
Brennan is reportedly retiring from football after being informed he will not win the starting job for the Tigers.