Equities over the European session are broadly lower once again today, as anxiousness spreads throughout the marketplace given the US Congresses failure to reach agreement regarding the debt ceiling. What´s more, weak quarterly earnings by the likes of British oil giant BP, as well as Swiss banker UBS exasperate an already risk-off environment.
In London, the FTSE 100 is already off some 30 pips or nearly 0.50% while the Frankfurt-based DAX and Paris-based CAC 40 decline by 0.42% and 0.95% respectively. Shares for BP are down some 2.67% on the UK market, while UBS drops 2.73% over the Swiss exchange.
Source:
FXCC
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