Stock markets charged higher Monday as investors cheered prospects that the US government shutdown could be nearing an end, after lawmakers reached a deal likely to break the record 40-day impasse.

The prospect of operations resuming in the world's biggest economy helped temper lingering worries about extended tech valuations amid talk of an AI bubble.

A group of Democrats in the Senate sided with Republicans in a procedural vote on the deal Sunday evening, clearing the way for a formal debate after reaching a bipartisan agreement to fund operations through January.

A government re-opening could also provide clarity on US inflation and on the soft labour market, which will determine whether the Federal Reserve cuts interest rates again as widely expected next month.

"If all goes well,

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