What you need to know before the open – 07/10
Markets continue to be muted by ongoing shutdown in Washington – we're now on day seven – with fingers crossed for an agreement on the raising of the debt ceiling in time for the 17 October deadline.
Asian markets closed down on US concern, and it is expected that the deadlock will mean sanguine European markets, too.
European markets looking softer as the US continues to argue with itself and the World Bank down grades Chinese growth from 8.3% to 7.5%.
— Alastair McCaig (@AMcCaig_IG) October 7, 2013
US futures, Asian indices buffeted overnight by US political storm. Only moderate impact seen in Europe, FTSE expected down 15 at open. DJH
— IGSquawk (@IGSquawk) October 7, 2013
Good morning. #FTSE called down 15 on the open. #FX mixed, although #JPY firmer on US debt ceiling fears. #Nikkei closes down 1.2%
— David Morrison (@jmoz62) October 7, 2013
Key events:
Eurozone sentix investor confidence for October at 9.30. Expected at 8.3, up from 6.5.