Global stocks, Wall St futures fall after more U.S. debt talks fail to break impasse
CTV
Global stock markets and Wall Street futures fell Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default.
Global stock markets and Wall Street futures fell Tuesday after more talks in Washington on government debt ended with no deal to avoid a potentially jarring default.
London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong sank. Oil prices retreated.
Wall Street's benchmark S&P 500 index edged up less than 0.1% on Monday as Congress and the White House negotiated over Republican demands to cut social programs in exchange for agreeing to raise the amount the government can borrow.
"The resumption of debt ceiling negotiations spurred some hopes despite distinct risks of brinksmanship and blame-shifting," Tan Boon Heng of Mizuho Bank said in a report.
In early trading, the FTSE 100 in London was off less than 0.1% at 7,764.59. The CAC 40 in Paris fell 0.6% to 7,435.70 and Frankfurt's DAX lost less than 0.1% to 16,209.77.
On Wall Street, the S&P 500 future was off less than 0.1%. That for the Dow Jones Industrial Average was down 0.1%.
On Monday, the Dow fell 0.4% while the Nasdaq composite rose 0.5%.
