Major indices in USA closed in losses - ZENMoney

In US markets, Major indices closed in losses due to lack of progress in ending the partial US government shutdown or the debt-ceiling standoff which kept investors nervous and neither Republicans nor Democrats comments during the weekend offered any sign of progress and both blamed the other side for the impasse. BlackBerry rose after sources close to the matter said that it is in talks with Cisco Systems, Google Inc and Germany's SAP about selling all or part of the company.

On the European front, the British Bench mark fell due to political stalemate over the US debt ceiling along with a drop in luxury goods group Burberry shares due to resurgent concerns about the strength of the Chinese economy as the World Bank cut its 2013 and 2014 growth forecasts.

Nikkei opened on a negative note during morning session due to overnight fall in US markets and as US President Barack Obama reiterated that he won't negotiate with Republicans over the debt limit and government shutdown.A strengthening Yen against US dollar added further pressure to Nikkei's downward journey.

Source : Equity Bulls

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