You are here: Home » International » News » Markets
Business Standard

US debt ceiling fears knock dollar, world stocks

European shares at four-month low tracking Asia

Reuters  |  London 

Signs of growing intransigence among US lawmakers in crucial budget and debt ceiling talks sent European shares to a four-month low on Monday and pushed the dollar and oil prices lower. Investors were unnerved by an apparent hardening of stances by Democrats and Republicans over the weekend towards crucial negotiations to end a partial government shutdown and raise the US borrowing limit, needed in 10 days to avoid a debt default. "Until we get some sort of resolution, a lot of investors are standing back, keeping their money off the table just in case the unthinkable ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, October 07 2013. 14:14 IST