Major European stock indices in Europe were seen trading higher opening the market on Friday, while investors continue to focus on the US government shutdown.
The European Euro Stoxx 50 advanced 0.38% higher, opening at 2,912.74 at the time of writing, while the British FTSE 100 edged 0.01% higher to 6,448.50. A the same time the French CAC 40 rose 0.35%, standing at 4,142.68, while Germany’s DAX fell 0.05% lower at 8,602.73.
Meanwhile in Germany, the country’s Producer Price Index (PPI) dropped 0.5% in August after it rose 0.5% in July, while analysts predicted the reading would remain unchanged.
The PPI report for the whole eurozone is expected to be released from Eurostat by 9:00am GMT.
The budget revenue for Greece has surpassed its target by 8.3% in September, standing at €4.08 billion, Greek’s newspaper eKathimerini confirmed.
Meanwhile Italy’s former Prime Minister Silvio Berlusconi is the main topic for discussion over if he will be expelled for a tax fraud conviction from August. If the Senate votes against the former Prime Minister it will pass the upper house in two weeks.
Over in Washington, federal employees and breadwinners won’t be receiving pay from work, while tourists are being turned away at the National Mall.
“We planned to spend three days here, but if you only can see the outside of buildings, it’s finished. What to do next?” Peter Wiltepoer, whose family came to visit from the Netherlands, “Even where no personnel are being used, the sites are closed. It’s ridiculous,” he added.
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