⁍ Asian stocks were set for modest gains on Wednesday after renewed U.S. stimulus hopes helped Wall Street higher.


⁍ However, wobbles in the tech sector could keep a lid on investor sentiment.


⁍ Netflix, however, reported disappointing earnings, leading its shares to fall 6% after trading hours.


– It’s a busy day on Capitol Hill, where Democrats and the White House are trying to hammer out a $1.1 trillion spending bill to fund the government through September and avoid a shutdown on Oct. 22, reports the Wall Street Journal. The bill includes tax cuts and infrastructure spending, among other things, but it’s not clear whether it has enough votes from Republicans to pass both the House and Senate. President Trump, however, said Tuesday he’d be willing to sign a spending bill larger than the $1.5 trillion he called for in his campaign, reports Reuters. “We’re getting very close to an agreement,” said Democratic Rep. Steny Hoyer. “I’m hopeful that we’ll be able to get a bill to the president’s desk by the end of the week.” The Journal notes that even if a deal is reached, it’s not clear whether it will be enough to keep the government running for another six months.



Source: https://www.reuters.com/article/global-markets/global-markets-asian-stocks-set-for-modest-gains-as-tech-woes-check-stimulus-hopes-idUSL1N2HB2GF