European stocks mostly slip amid an ongoing budget impasse in
the United States.
The U.S. government is now in its third day of shutdown without
a resolution in sight. The Treasury Department warned that if
Congress doesn't raise the debt ceiling and the U.S. defaults on
its obligations, it would be "catastrophic" for financial markets
and the economy.
Mild support came from China, where the non-manufacturing
purchasing managers' index rose to 55.4 in September from 53.9 in
August, the National Bureau of Statistics and Federation of
Logistics and Purchasing said. That''s the highest level since
Also, purchasing managers index data for the euro zone showed
business activity picked up at the fastest rate in more than two
years in September. In the U.K., the dominant services sector grew
at the fastest pace in more than 16 years in Q3.
In U.S. economic data, the ISM services index fell to 54.4 in
September from 58.6 in August, below the 57.5 expected in a
MarketWatch poll of economists.
In ADR news, Aviva (
) said it generated $2.6 billion from the sale of its U.S. business
to Apollo Global Management LLC's Athene Holding Ltd.
) firmed after a U.S. appeals court ordered a reconsideration of
key terms of a settlement in the 2010 Gulf of Mexico oil spill
The FTSE-100 was last up 0.18% at 6,449.04, the DAX down 0.37%
at 8,597.91 and the CAC-40 down 0.73% at 4,127.98.
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