- European shares rose on Monday after sharp losses suffered in last week after the announcement of a deal to raise the debt ceiling in the U.S., banks were among the best performing sectors. The banks index up 1.8 percent, recording a great a loss of 4.7 percent in the last week due to stalled talks, the U.S. debt. The agreement aims to reduce the deficit in the United States about $ 2.4 trillion over ten years to come. It is expected that the Senate will approve the agreement, but could face stiff opposition in the House. There are also concerns of reduced credit rating of excellent for the United States because of political wrangling, which could raise the cost of borrowing and undermine confidence in the country. Said Manoj Wadhwa, chief trader for the no. T. X Capital "It's a rally driven by feelings of satisfaction after the agreement of the parties but may not last for more than two days because the United States could now face a reduction of the credit rating. "This will affect every part of the United States." By the time 0708 GMT, the FTSEurofirst 300 European FTSEurofirst Kabrh. 0.9 percent to 1092.51 points. When opening the Financial Times index rose 1.1 percent British and the CAC 40 French 1.2 percent and Germany's DAX 1.3 percent.
