European Stocks Decline Amid U.S. Budget Stalemate


European shares slipped as U.S. budget talks remain at a standstill.

The government has been shut now for about a week, and there are no signs of it reopening any time soon. Investors also are worried about talks to raise the debt ceiling.

Over the weekend, House Speaker John Boehner told ABC in his first interview since the shutdown began that he sees no end to the standoff without broader deficit negotiations.

However, Italian stocks rallied on news a Senate panel had voted to expel former Prime Minister Silvio Berlusconi.

In ADR news, Sanofi ( SNY ) Chief Executive Officer Chris Viehbacher told Bloomberg TV in an interview that he expects the company will return to growth in Q4.

SAP ( SAP ) along with Cisco Systems ( CSCO ) and Google ( GOOG ), have held talks to buy all or part of BlackBerry ( BBRY ), Reuters reported, citing unidentified people familiar with the matter. BBRY had asked for expressions of interest from potential buyers as an alternative to the tentative agreement it reached with a financial group led by Fairfax Financial Holdings Ltd. on Sept. 23. Reuters said that SAP, GOOG and CSCO declined to comment.

The FTSE-100 ended down 0.26% at 6,437.28, the DAX down 0.36% at 8,591.58 and the CAC-40 up 0.03% at 4,165.58.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

Referenced Stocks: BBRY , CSCO , GOOG , SAP , SNY

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