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European stocks declined , reaching a two-week low at the same time , due to the tense situation in the United States on the budget , as well as the struggle of the Prime Minister of Italy, Enrico Letta , to save his administration . Asian shares and U.S. index futures fell .
Note that the U.S. Senate has not held its meeting yesterday , and brought it to today . The meeting will consider the law on the financing of the government budget commitments have passed the House of Representatives. The U.S. Congress should soon adopt a budget legislation that allows the government to fulfill its obligations to the October 1 The temporary nature of the operation budget obligations caused by a conflict with the Democratic Republican administration because of the formation of priorities and spending budget. Recall that on Friday, the U.S. Senate voted to return to the House of Representatives to refine the budget law , deprived of funding health care reform, a key to the political agenda of President Barack Obama.
Stoxx Europe 600 Index fell 0.7 percent to 309.87 . Since early September, the index rose by 4.2 percent.
We also add that the Prime Minister Enrico Letta is going to demand a vote of no confidence in his government on October 2 , he said on Sunday night , the TV channel Rai 3, after meeting with President Giorgio Napolitano . The Prime Minister has requested an emergency meeting with Italian President after five Ministers of the Council of Ministers belonging to the party of Silvio Berlusconi's "People of Freedom" , was on Saturday decided to withdraw from the government , which , according to them, they can no longer perform campaign promises .
Shares of UniCredit - Italy 's biggest bank , fell 2.4 percent to 4.66 euros.
The cost of Syngenta AG (Synn) fell 2.6 percent to 365.10 Swiss francs after Citigroup Inc lowered its corporate recommendation on the shares to ' neutral ' from ' buy '.
Telecom Italia SpA shares rose 3 percent to 59.75 cents on the euro amid speculation that CEO Franco Bernabe resigns.
At the moment :
FTSE 100 6,456.79 -55.87 -0.86 %
CAC 40 4,137.71 -49.06 -1.17 %
DAX 8,580.53 -80.98 -0.93%
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