Bloomberg (14/10) -- European stocks fell for the first time in three
days 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.Dassault Systemes SA, a maker
of design software, sank 6.8 percent as revenue fell short of targets.
Konecranes Oyj slid 4.9 percent as the Finnish maker of lifting
equipment cut its forecasts. PSA Peugeot Citroen tumbled 8 percent on a
report that it plans to sell new shares. Electricite de France SA added
1.8 percent as the U.K. said it’s close to announcing a deal with the
power generator to build a nuclear power plant.The Stoxx Europe
600 Index slipped 0.1 percent to 311.18 at 8:42 a.m. in London. The
benchmark gauge has still rallied 11 percent in 2013 as the euro area
emerged from a recession and central banks maintained stimulus measures
to support the global economy.Standard & Poor’s 500 Index
futures dropped 0.7 percent today and 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.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.
