Europe Factors to Watch-Stocks to fall on U.S. budget impasse
Thu Sep 26, 2013 6:36am BST
PARIS, Sept 26 (Reuters) - European stocks are set to dip on Thursday,
losing ground for the fourth time in five sessions as a budget impasse in
Washington and a looming battle over the U.S. debt ceiling rattle investors.
Financial spreadbetters expect Britain's FTSE 100 to open 8 to 9
points lower, or down 0.1 percent, Germany's DAX to open 3 to 8 points
lower, or down 0.1 percent, and France's CAC 40 to open 6 to 8 points
lower, or down 0.2 percent.
Before Oct. 1, the U.S. Congress needs to pass stop-gap funding for federal
agencies, and by Oct. 17 it must raise the federal borrowing limit to avoid a
debt default.
Congress is currently struggling to pass the spending bill, while Treasury
Secretary Jack Lew said the government would not be able to borrow funds past
Oct. 17 if no deal on the debt ceiling is reached, fuelling fears of a default.