London (CNN Business) 1. Shutdown optimism: US stock futures were sharply higher after Congressional negotiators said they had reached an agreement in principle to avert a partial government shutdown.

It's still not clear what will happen next. Negotiators on Monday declined to get into details on the exact parameters of the potential breakthrough, and President Donald Trump has not yet weighed in.

Lawmakers are racing the clock in an effort to find common ground for an agreement on border security that will pass both chambers of Congress and be signed into law by Trump before Friday.

About 25% of funding for the US federal government runs out at the end of the week.

2. Gucci shines in China: Chinese shoppers might have lost their appetite for iPhones, but they are still buying luxury bags.