Europe: Shares on retreat
LONDON: European stock markets showed increasing nervousness yesterday, with United States lawmakers taking deadlock over avoiding a disastrous default to the last hours of a deadline.
Sentiment was rattled further as ratings agency Fitch placed the US on warning for a downgrade from its top-level "AAA" assessment.
The US on Wednesday stood hours from a fateful fiscal deadline, with a chaotic political standoff threatening to trigger a debt default and rock the global economy.
In afternoon deals, London's FTSE 100 index dropped 0.17 per cent to 6,537.98 points, Frankfurt's DAX 30 dipped 0.05 per cent to 8,800.09 points and the CAC 40 in Paris reversed 0.30 per cent to 4,243.10. AFP