10/9/13

European shares at 1-month low as US deadlock continues - The Economic Times

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0 Europeansharesat1monthlowasUS deadlockcontinues
ByReuters|9Oct,2013,01.49PMIST
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LONDON:Europeansharesslippedto
BuildingInfrafortheCityofDreams USDebtCrisis

freshonemonthlowsonWednesday,with StunningPictures:LuxuryonWheels nosignsofprogressinaUSpolitical deadlockeatingawayatinvestorconviction thatthecountrywillavoidasovereign default. USPresidentBarackObamasaidhewould onlynegotiatewithRepublicansoncethey

PeopleinNews

Underscoringincreasedriskaversion,impliedvolatilityon EuroSTOXX50hasjumped31percentintwoweeksto21.4.

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Thecountry'sfirststainlesssteelelectric multipleunit(EMU),meantforMumbai's suburbannetwork,wasflaggedoffat IntegralCoachFactory.Clickthrough...

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avoiddefault

airlinesarunfortheirmoney

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AsLincolnknew,theexecutive,during notcontenttostopatastraightdrive, ThisjawdroppingchargebyCBI "Oneweekagomostofthecommentatorssaidthisisnotreallyaffectingthemarketsbut

crisis,caninvokeemergencypowers.Then superiorsuspension,ACanddrapes, basisofscrutinyofjust18,000of nowtherearesomesecondthoughts...Iwouldbecautioustoaddtoriskrightnow,"said thepeoplewouldfindtheopportunityto busestodayofferahostofluxuryfeatures callsofRadia,ispartofaclassifie

punishthosewhovandalizedthe thatactuallyrivalaircrafttravel. submittedtothecourt. MumbailagsbehindotherIndiancitiesin Constitution. NissanTerrano:RenaultDusterinanew QuestionatMicrosoftcampus: "Werecommendstickingwithdefensivepositioning,lookingtobecomemoreaggressive infrastructure skin? BillGatesdo? ThingswouldchangedramaticallyifUS IBMtodevelopsmartcitiesintheDelhi Howtobuyanalmostnewluxuryride Obama'spickforFedchiefYell defaultsondebt againinthreetofourweekswhensomeoftheuncertaintyhasbeenremoved.It'sawait Mumbaiindustrialcorridor reallycheap communicationskillstotable USdefaultwouldbe'worse'than andseegameandtradingvolumesinthemarketarereflectingthisthereisnoappetiteto shutdown:BarackObama

GerhardSchwarz,headofequitystrategyatBaaderBank.

enterbigpositionsinriskyassets."

TheFTSEurofirst300indexwasdown0.3percentat1,227.05pointsat0737GMT, hittinglevelslastseeninearlySeptember.Theindex,alongwiththebroaderSTOXX Europe600,hasmovedinoversoldterritoryonthesevendayrelativestrengthindicator. Underscoringincreasedriskaversion,impliedvolatilityonEuroSTOXX50hasjumped31 percentintwoweeksto21.4. However,itisstillonlyattwothirdsofthelevelsseeninsummer2011,duringthelast majordebtceilingcrisis,promptingsomebrokerstopointoutthepotentialattractionof buyingoptionstopositionforlargemarketmovesastheOct.17deadlineonthedebt ceilingapproaches. Therearealsosomeconcernsthatthethirdquarterearningsseasonwhichstartedinthe UnitedStatesthisweekandkicksoffinEuropelaterthismonthcouldbring disappointmentsonbothnumbersandoutlook. EarningsconcernswereamongfactorsthatpromptedMorganStanleytodowngradeSaint Gobainto'underweight',sendingsharesinthebuildingmaterialsgroup3.2percentlower .
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economictimes.indiatimes.com/markets/global-markets/european-shares-at-1-month-low-as-us-deadlock-continues/articleshow/23797064.cms

10/9/13

European shares at 1-month low as US deadlock continues - The Economic Times

"Shareshavereratedmorethan30percentyeartodate,butmutedearningsupgrades andrisingheadwindsindicateexpectationscouldfall,"MorganStanleysaidinanote. "Ourlowerearningsforecastsplaceus56percentbelowconsensusexpectationsfor operatingincome,presentinganunattractiveriskrewardskew." ThomsonReutersStarMineSmartEstimatesbasedontheviewsfromtopranked analystssuggestingthatthisyear'searningsforSTOXXEurope600companieswill missconsensusby0.8percent.

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10/9/13

European shares at 1-month low as US deadlock continues - The Economic Times

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