Japan's Topix rose over one per cent to hit a new record high as world markets rallied. Photo: AP PHOTO

World stocks have rallied as the US Congress looked set to end a federal shutdown, paving the way for an end to a data fog that has fuelled uncertainty over the US economic outlook.

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The yen was also in the spotlight as its fall to nine-month lows against the dollar prompted more comments from officials.

European stocks rose to a new record high in early trade , US stock futures pointed to a positive open on Wall Street, while Japan's blue-chip Nikkei and broader Asia equity mark

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