Bloomberg (14/10) -- European stock-index futures fell as U.S. lawmakers
struggled to reach an accord on raising the federal debt limit and
China’s exports unexpectedly dropped. Asian shares and U.S. futures
declined.Electricite de France SA may be active as the U.K. said
it’s close to announcing a deal with the power generator to build a
nuclear power plant. PSA Peugeot Citroen may move on a rpeort it plans
to sell new shares.Futures on the Euro Stoxx 50 Index expiring
in December slid 0.3 percent to 2,953 at 7:15 a.m. in London as
contracts on the U.K.’s FTSE 100 Index declined 0.2 percent. Standard
& Poor’s 500 Index futures dropped 0.7 percent while the MSCI Asia
Pacific excluding Japan Index retreated 0.3 percent. Equity markets in
Japan and Hong Kong are closed for holidays. U.S. bond markets are shut
for Columbus Day, while the stock market is open.“European
markets are likely to open in negative territory as the U.S. senate
failed to advance a debt-limit measure,” Stephane Ekolo, chief European
strategist at Market Securities in London, wrote in an e-mail. “It is
easy to understand why market participants are somehow nervous as a U.S.
default is near if they do not find an agreement.”In the U.S.,
Senate Majority Leader Harry Reid said he’ll continue talks with
Minority Leader Mitch McConnell after negotiations between President
Barack Obama and House Speaker John Boehner broke down on Oct. 12.
Senate Republicans blocked Democrats’ plan to push the next debt-limit
fight into 2015 and Senate Democrats rejected a proposal from Republican
Senator Susan Collins of Maine.
Collins Deal
Collins Deal
