PARIS Oct 8 European stocks dipped on Tuesday,
losing ground for the fourth time in five sessions as investors
continued to move to the sidelines, rattled by the lack of
significant progress in resolving the U.S. budget standoff.
At 0703 GMT, the FTSEurofirst 300 index of top
European shares was down 0.1 percent at 1,240.37 points.
As the partial U.S. government shutdown entered a second
week, investors worry that Republicans and Democrats won't reach
an agreement on the budget as well as on the debt ceiling ahead
of the Oct. 17 deadline, which could result in a U.S. debt
"No one has the confidence or nerve to place any sizable
positions," Capital Spreads trader Jonathan Sudaria said in a
"The bulls are cautious of a prolonged stalemate and the
bears are fearful of any surprise deal being done so the only
trading of note is by those taking profits after the September