European Factors to Watch-Shares set to extend losses

Tue Oct 8, 2013 6:32am BST
PARIS, Oct 8 (Reuters) - European stocks are seen falling on Tuesday, losing
ground for the fourth time in five sessions as investors continued to move to
the sidelines, rattled by the lack of significant progress in resolving the U.S.
budget standoff.

Financial spread betters expect Britain's FTSE 100 to open 11 to 24
points lower, or down 0.4 percent, Germany's DAX to open 20 to 27
points lower, or down 0.3 percent, and France's CAC 40 to open 17 to 20
points lower, or down 0.5 percent.

As the U.S. government shutdown entered a second week, investors worry that
Republicans and Democrats won't reach an agreement on the budget as well as on
the debt ceiling ahead of the Oct. 17 deadline, which could result in a U.S.
debt default.

"With such huge uncertainties in the market at the moment, no one has the
confidence or nerve to place any sizable positions," Capital Spreads trader
Jonathan Sudaria said in a note.

"The bulls are cautious of a prolonged stalemate and the bears are fearful
of any surprise deal being done so the only trading of note is by those taking
profits after the September run up."

Nikkei snaps 4-day losing streak; U.S. worries still a drag


Tue Oct 8, 2013 7:12am BST
TOKYO, Oct 8 (Reuters) - Japan's Nikkei stock average
notched its first rise in five sessions on Tuesday, tracking
gains in other Asian markets, but a lack of progress in ending
the U.S. government shutdown and the debt-ceiling standoff kept
investors on edge.

The benchmark Nikkei closed up 0.3 percent at
13,894.61, rebounding from a five-week low of 13,748.94 hit
earlier in the session.

The broader Topix added 0.2 percent to 1,150.13 in
relatively thin trade, with 2.64 billion shares changing hands.

CHF CPI m/m 0.3% 0.2% -0.1%

CHF Retail Sales y/y 2.4% 1.7% 0.6%

Opening Market Overview

German Factory Orders m/m -0.3% 1.2% -2.7%

Midday Market Overview

Ex-dividends to knock 3.72 points off the FTSE100 tomorrow

End-of-day Market Overview