From The trading Floor: Investors are cautiously optimistic this morning as we await further progress to resolve the political deadlock in Washington
- Global equities were mostly higher at the time of writing on optimism that Washington will come to an agreement to lift the debt ceiling, at least for the short term.
- Consumer sentiment fell in October to a 9 month low (75.2) as the government’s partial shutdown and debt ceiling debate caused outlooks to sour
- German inflation was flat on month in September, as expected and unchanged from August. On year, inflation slipped to 1.4% from 1.5%. A year-on-year fall in energy prices dampened overall inflation, although food costs rose 4.7%.
- Support today looks to be at the 1671 / 1674 level with resistance at 1699 / 1702
