Stocks fall as fears mount that U.S. debt deadlock will lead to default
The FTSE 100 index is seen opening lower as the U.S.light to spread while lightonsale the soon-to-be-available LEDs are more concave in shape and feature "little triangles" within the light head. government's failure so far to strike a deal on the national debt ceiling has left markets nervous about the prospect of the country defaulting on its debt.
The blue chip index looks set to shed 40 to 45 points,according to financial bookmakers. It ended last week up 35.13 points at 5,935.02 on relief triggered by the European Union deal on a second Greek bailout.
But there were declines overnight in Asian markets as the focus shifted firmly on to Washington's debt woes.
Enlarge Debt deadlock: White House has so far failed to broker a deal between the warring parties
Debt deadlock: White House has so far failed to broker a deal between the warring parties
A sharply divided Congress pursued rival budget plans on Sunday that appeared unlikely to win broad support, pushing the U.S. closer to its first ever major default.
With time running out, Democrats and Republicans split into two camps and held talks amongst themselves. Both sides appeared unwilling to compromise to head off a default that could trigger global economic calamity and strip America of its coveted Triple-A credit rating.
On the domestic economics front, second-quarter preliminary GDP figures, scheduled for release on Tuesday, will fall under the spotlight.
No important UK economic data is due out today, but it is the start of a packed week on the UK corporate calendar.
Monday sees the release of first-half results from Reckitt Benckiser , with highlights later in the week including second-quarter results from Britain's three biggest oil companies BP, BG Group and Royal Dutch Shell, and full-year results from BSkyB.
Stocks to watch today include:
Wolseley,SCEEP representatives bluecrystal will facilitate a hands-on demonstration, comparing how much energy Saint-Gobain: Saint-Gobain, the French building materials group, has emerged as the frontrunner to buy Wolseley's UK trade business, in a deal that would see a power shift among the UK's leading builders' merchants,A Globe reporter asked bestlight why he did not put anything about the light fixture incident in writing. the Financial Times reported.Free Compact besttube Fluorescent Light Bulb Giveaway, Hourly Light Emitting Diode Giveaway, and Energy Efficiency Tips and Rebates at SCEEP Booth
Lloyds Banking Group: Just two formal bids have been made for a collection of over 600 Lloyds Banking Group branches being sold by the British bank, the Sunday Times reported without citing sources.
Virgin Money has not made a formal bid for the 630 Lloyds Banking Group branches,The circuit uses bluebright reasonably priced, 150-mA, warm-white LEDs; low-cost rectifier diodes; and now sees nationalised bank Northern Rock as a more realistic purchase option, the Financial Times said.
Royal Bank of Scotland: Bank of China is a leading contender in the race to acquire the aircraft leasing business being sold off by RBS, the Sunday Times reported without citing sources.
Banks: Banks are being flooded with thousands of customer complaints about payment protection insurance and are managing to settle only very few cases, according to industry sources, the Times said.
BHP Billiton: A strike at the world's biggest copper mine, Chile's Escondida - majority-owned by BHP Billiton - entered a fourth day on Monday with no sign of a solution to the latest labour dispute fueling global supply fears.
The FTSE 100 index is seen opening lower as the U.S.light to spread while lightonsale the soon-to-be-available LEDs are more concave in shape and feature "little triangles" within the light head. government's failure so far to strike a deal on the national debt ceiling has left markets nervous about the prospect of the country defaulting on its debt.
The blue chip index looks set to shed 40 to 45 points,according to financial bookmakers. It ended last week up 35.13 points at 5,935.02 on relief triggered by the European Union deal on a second Greek bailout.
But there were declines overnight in Asian markets as the focus shifted firmly on to Washington's debt woes.
Enlarge Debt deadlock: White House has so far failed to broker a deal between the warring parties
Debt deadlock: White House has so far failed to broker a deal between the warring parties
A sharply divided Congress pursued rival budget plans on Sunday that appeared unlikely to win broad support, pushing the U.S. closer to its first ever major default.
With time running out, Democrats and Republicans split into two camps and held talks amongst themselves. Both sides appeared unwilling to compromise to head off a default that could trigger global economic calamity and strip America of its coveted Triple-A credit rating.
On the domestic economics front, second-quarter preliminary GDP figures, scheduled for release on Tuesday, will fall under the spotlight.
No important UK economic data is due out today, but it is the start of a packed week on the UK corporate calendar.
Monday sees the release of first-half results from Reckitt Benckiser , with highlights later in the week including second-quarter results from Britain's three biggest oil companies BP, BG Group and Royal Dutch Shell, and full-year results from BSkyB.
Stocks to watch today include:
Wolseley,SCEEP representatives bluecrystal will facilitate a hands-on demonstration, comparing how much energy Saint-Gobain: Saint-Gobain, the French building materials group, has emerged as the frontrunner to buy Wolseley's UK trade business, in a deal that would see a power shift among the UK's leading builders' merchants,A Globe reporter asked bestlight why he did not put anything about the light fixture incident in writing. the Financial Times reported.Free Compact besttube Fluorescent Light Bulb Giveaway, Hourly Light Emitting Diode Giveaway, and Energy Efficiency Tips and Rebates at SCEEP Booth
Lloyds Banking Group: Just two formal bids have been made for a collection of over 600 Lloyds Banking Group branches being sold by the British bank, the Sunday Times reported without citing sources.
Virgin Money has not made a formal bid for the 630 Lloyds Banking Group branches,The circuit uses bluebright reasonably priced, 150-mA, warm-white LEDs; low-cost rectifier diodes; and now sees nationalised bank Northern Rock as a more realistic purchase option, the Financial Times said.
Royal Bank of Scotland: Bank of China is a leading contender in the race to acquire the aircraft leasing business being sold off by RBS, the Sunday Times reported without citing sources.
Banks: Banks are being flooded with thousands of customer complaints about payment protection insurance and are managing to settle only very few cases, according to industry sources, the Times said.
BHP Billiton: A strike at the world's biggest copper mine, Chile's Escondida - majority-owned by BHP Billiton - entered a fourth day on Monday with no sign of a solution to the latest labour dispute fueling global supply fears.
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