Financial markets have been hit by the prospect of a US government shutdown and a crisis for Italy’s government.
Italy’s stock market has fallen almost 2%, while shares in London, Frankfurt and Paris have dropped by about 1%.
The US needs to agree a new spending bill before the financial year ends at midnight on Monday. But political divisions have resulted in a stalemate.
In Italy, Prime Minister Enrico Letta is to hold a confidence vote on Wednesday.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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