Good morning,

Markets are called to open lower this morning. Asian stocks fell with U.S. and European futures, while the yen climbed against the dollar, as lawmakers in Washington remain deadlocked over extending the nation’s debt limit to avoid default.

With the U.S. set to exhaust measures to avoid breaching its debt ceiling on Oct. 17, House of Representatives Speaker John Boehner said lawmakers won’t raise the limit without packaging it with other provisions, a nonstarter for President Barack Obama. In the euro-area, the Sentix research institute is forecast to say today investor confidence rose this month.


• Airbus Said to Win First Japan Air Order

• American Default Seen Unprecedented Catastrophe Dwarfing Lehman Demise

• Finmeccanica to Sell Ansaldo Stake to Fondo Strategico Italiano

• U.K. Finance Industry Most Upbeat Since 1996 as Hiring Surges

• European Bank Profit Hampered by Loan Provisions, E&Y Reports

• Moscovici Says France to Drop Tax on Operating Profit for 2014

• Airbus Says U.S. Shutdown Delays Planes to US Air, Jetblue

• Gecamines of Congo Studies Selling Stake in Glencore Copper Mine

• RWE Faces Costs, Delay After Plant Incident, Handelsblatt Says

• Repsol’s Stake in Gas Natural Attracts Temasek, Sinopec, FT Says

• Merkel’s Flirtation With Greens Raises Pressure on SPD

• Abengoa Files to Register Up to $621.2m of Class B Shares

• Moody’s Changes Outlook on Malta to Stable From Negative

• Slovakia Outlook to Stable From Negative by Moody’s

• Syria Ready for for Peace Talks in Mid-Nov., Russia’s Lavrov Says

EARNINGS All times CET, estimates where available:

• Industrivarden (INDUA SS) TBD, 3Q adj. EPS est. SEK0.30 (1 est.)

• Air France-KLM (AF FP) 8am, Sept. sales

• Carlco (CAR LN) 8am, 2Q sales

Good day and happy trading!

Kristian Camenzuli