Markets in red on debt ceiling woes

FXstreet.com (Edinburgh) -Shares in the US trading floor are reverting Friday’s advance, as the lack of any signs of progress towards a solution for the debt ceiling continues to spook investors. The persistence of the federal Government shutdown is not helping sentiment either, as tomorrow will be the seventh day without parties coming to an agreement. The greenback, in terms of the US Dollar index, is retracing recent gains and hovering over the 80.00 handle. As of writing DowJones is losing 0.49% followed by the Nasdaq, 0.49% and the S&P500, 0.37%.

Bourses in the Old Continent closed mostly in red as the US administrative paralysis weighed on sentiment. The IBEX35 was the worst performer, falling 0.41% and followed by the DAX, 0.36% and the FYSE100, 0.26%. The French benchmark managed to post marginal gains, or 0.03%. Quite a volatile session for the single currency so far amidst, although keeping the intraday range between 1.3540 and 1.3590.

In the commodities’ land, the barrel of WTI is retreating 0.91% at $102.87 while the ounce troy of gold is firmly higher, up 1.04% at $1,323.