Wall St Week Ahead: Markets edgy on debt talk stalemate

Wall St Week Ahead: Markets edgy on debt talk stalemate
Investors have viewed as extremely unlikely the possibility of a U.S. default if the federal government does not agree to raise the debt ceiling.Oil painting reproductions But the odds are growing, and Congress and the White House remained at odds just a few hours before Asian markets opened on Monday.Ugg boots,Wholesale Ugg,Ugg Outlet;Ugg Outlet Store;UGG Bailey Button Boots;UGG Tasmina Sandals
"Unless during the course of the day there is a specific, concrete proposal that placates the market before Asian markets open, the worst-case scenario is that the markets just sell off -- sell off dramatically," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.UGG Bags;UGG Classic Argyle Knit;UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots
White House officials and Republican leaders scrambled on Sunday to reassure global markets the United States would avert a debt default, but the two sides gave no sign they were moving closer to a UGG Gypsy Sandals;UGG Fluff Flip Flop Slipper;UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii
White House Chief of Staff Bill Daley warned that there would be a "few stressful days" ahead for financial markets, with the deadline to lift the $14.3 trillion U.S. borrowing limit now only nine days away.UGG Classic Tall Boots;UGG Coquette Slippers;UGG Infants Erin Boots;UGG Margot
"To some degree the outcome of there being no deal has been priced in, but the discounting is not fully in the market and this is adding to uncertainty that has already been coupled with the events in Europe and expectations that growth was already going to be weak," Krosby said.UGG Nightfall Boots;UGG Ultimate Bind Boots;UGG Ultra Short Boots;UGG Ultra Tall Boots 7.25fast