MSCI’s gauge of stocks across the globe rose 13.65 points, or 1.38 per cent, to 1,004.97, which would be its biggest daily gain since late June

MSCI’s global equities gauge rallied 1.4% on Monday while government bond yields rose modestly. It added 13.65 points, or 1.38%, to 1,004.97, which would be its biggest daily gain since late June. Earlier, the pan-European STOXX 600 index closed 1.42% higher.

Risk-sensitive currencies including the Australian dollar gained, while safe havens dived against the dollar, as risk sentiment was boosted by signs the U.S. government is closer to reopening.

The Australian dollar firmed 0.71% versus the U.S. dollar to $0.6537 while the New Zealand dollar firmed 0.32% to $0.5644 and the Canadian dollar added 0.22% to C$1.402 per dollar.

But against the yen, the dollar firmed 0.46% to 154.11 and the euro was down 0.05% at $1.1559.

The U.S. Senate moved forward on Sunday on a measure to end the shutdown, now in its 41st day, which has sidelined federal workers, delayed food aid, snarled air travel and paused the release of government economic data.

The S&P 500 closed up 103.63 points, or 1.54%, to 6,832.43 for its biggest one-day percentage gain since October 13 and the Nasdaq Composite gained 522.64 points, or 2.27%, to 23,527.17 for its biggest daily gain since May 27. The Dow Jones Industrial Average added 381.53 points, or 0.81%, to 47,368.63.

There’s an increased willingness to take on additional risk because there’s a possibility the government could reopen sometime this week, said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut (U.S.). Right now, it’s a bit of a relief rally.

Pavlik said investors have been concerned by anecdotal evidence of people staying home and not spending as much and are anxious for the resumption of official economic reports for hard evidence.