Japan Is Surging, As US Futures Make Comeback On Deal Hopes

It's been an interesting night for markets.

Just before 6:30 PM ET, the New York Times pushed a headline about how Obama had "rejected" the GOP's offer of a temporary debt ceiling raise.

It turns out the truth was more complicated, and that negotiations are ongoing that could lead to a debt ceiling deal, and maybe even a deal to reopen the government.

Also a poll came out right at 6:30 showing the government shutdown saga has been a catastrophe for the GOP, which also augurs well for a deal.

So markets have recovered.

US futures have erased their losses, and Japan is surging.

Here's the Nikkei