World Headlines 2013-10-07

RQ Cross Box: 2013-10-07

UPDATED 6:50 ET - European stocks dropped to their lowest level in almost four weeks as U.S. House Speaker John Boehner ruled out raising the federal government’s debt limit without preconditions. U.S. index futures and Asian shares fell. FIXED INCOME - U.S. government securities rose, snapping a decline from last week, after Treasury Secretary Jacob J. Lew said Congress needs to increase the debt ceiling by Oct. 17 or the nation risks defaulting on its payments. COMMODITIES - West Texas Intermediate declined as oil production in the Gulf of Mexico resumed after Tropical Storm Karen weakened and the U.S. came closer to breaching its debt ceiling. CURRENCIES - The pound rose for the first time in three days against the dollar after a report showed optimism in the U.K.’s financial industry reached a 17-year high in the third quarter, underlining the strength of the British economy. ECONOMIC DATA - CAD Building Permits due at 8:30, NZD NZIER Business Confidence at 17:00 ET.

World Headlines 2013-10-07

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