European Factors to Watch-Shares set to drop on Italian, U.S. politics
Mon Sep 30, 2013 6:25am BST
PARIS, Sept 30 (Reuters) - European stocks are seen dropping on Monday, as a
fresh political crisis in Italy and the prospect of a shutdown of the U.S.
government spook investors.
Financial spreadbetters expect Britain's FTSE 100 to open 61 to 62
points lower, or down 1 percent, Germany's DAX to open 49 to 56 points
lower, or down 0.7 percent, France's CAC 40 to open 24 to 26 points
lower, or down 0.6 percent, and Italy's FTSE MIB to open around 292
points lower, or down 1.7 percent.
Italy's president began talks on Sunday to pull the country out of a new
political crisis, attempting to undercut a move by former Prime Minister Silvio
Berlusconi to bring down the government and force new elections seven months
after the last vote.
In Washington, chances that Republicans and Democrats could reach a deal on
funding the government before the fiscal year ends at midnight on Monday seems
increasingly thin.
On Sunday, the Republican-controlled House of Representatives passed a
measure that ties government funding to a one-year delay of President Barack
Obama's landmark healthcare restructuring law, while Senate Democrats have
vowed to reject it.