Markets am: US debt ceiling worries weigh on stocks, Dollar loss...

 
 
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Friday October 04 2013
 
 
Markets
 
US debt ceiling worries weigh on stocks
 
The S&P 500's worst session in more than a month has had a knock-on downward effect on Asia Pacific's major stock exchanges on Friday
 
 
 
Dollar losses mount on US stand-off
 
Dollar slips as Washington's budgetary dispute that has enforced the closure this week of many government departments continues
 
 
Carpetright weighs on London mid-caps
 
Shares in Carpetright fall sharply after the surprise departure of its chief executive, and warns on profits
 
 
Gensler's last stand on derivatives
 
Chairman of the CFTC refuses to budge on sweeping new derivatives rules even as he faces significant pressure to delay or moderate regulations
 
 
US banks fill ATMs with extra cash
 
Institutions put in place plans to meet customer withdrawals in case of a default-triggered panic
 
 
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Video
 
S&P climbs on hot air
 

The US government has been shut down. The risk of a debt default looms. Simon Derrick, chief forex strategist at BNY Mellon, explains to John Authers that Washington's political dysfunction could be the trigger for investors to realise that climbing US stock markets are no longer supported by international fund flows.

 
 
 
 
 
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