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European stocks rose slightly , but in spite of that are sent to a second weekly decline , as negotiations between U.S. lawmakers on the federal budget and debt limit continues, but so far there is no apparent revenge results. U.S. index futures rose, while Asian shares fell .
Stoxx Europe 600 index rose 0.01 percent to 309.59 . Since the beginning of the current week, the index fell 1 % , while reducing its annual growth to 11%.
Analysts expect that the patience of investors may end if the government is not going to work more than a week , and the deadline for a decision on increasing the U.S. debt limit will approach . Earlier, the U.S. Treasury Secretary Liu said that the provision of borrowing must be exhausted by October 17.
The inability to raise borrowing limit could damage not only the U.S. but also the world economy - said the director of the IMF , Christine Lagarde .
Republican House Speaker John Boehner said he intends to avoid government default . The representative with a total Bonera , he always said that the country should not allow a default on the debt, but not in the House of Representatives votes to approve the increase in the debt limit without conditions .
Market volatility may increase, if the impasse continues . Goldman Sachs expects the short-term consequences for the U.S. GDP may decline by 0.2 %, and if the situation lasts longer - 0.4 %, as shown in the unpaid leave will reduce the costs of government employees .
Nokian Renkaat shares fell 7.2 percent to 34.84 euros after the company said that operating profit and net sales will fall this year compared with 2012 . Recall that in its latest forecast , which was made public in August , it was expected that sales and profits can increase for the year.
The cost of Hochtief AG fell 1 percent to 61.01 euros on the background that the Australian unit Leighton Holdings, has increased its loss in Sydney . Shares in the German company sent to its biggest weekly decline since June, in connection with allegations of corruption Leighton Holdings.
Shares of Home Retail (HOME) rose 0.8 percent to 169 pence as UBS raised its rating on the stock to ' buy ' from ' neutral '.
At the moment :
FTSE 100 6,452.49 +3.45 +0.05 %
CAC 40 4,148.18 +20.20 +0.49 %
DAX 8,597.95 +0.04 0.00%
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