October 10, 2013

European Stocks Rises on Positive sign of progress in US budget impasse



 European Stocks snapped a three-day losing streak and bounces from one-month lows on Thursday, for equities improved by Positive signs of progress to end the US fiscal stalemate and avert a possible debt default. 

US Republicans were considering a short-term hike in the government's borrowing authority to buy time for talks on broader policy issues, a Republican leadership aide. 

House Republican leaders will visit the White House on Thursday as the search intensifies for a way to break the impasse. U.S. President Barack Obama has said he would accept a short-term ceiling increase as long as no strings were attached. 

The pan-European 
FTSEurofirst 300 index was up 0.4% at 1,230.01 points after closing 0.5% lower in the previous session, when it touched a one-month intra-day low. The index is up 8 % so far this year. 


Germany's top index on course for another record high as the economic outlook improves. 


No comments:

Post a Comment