Financial markets have been hit by the prospect of a US government shutdown and a crisis for Italy’s government.
Italy’s stock market has fallen almost 2%, while shares in London, Frankfurt and Paris have dropped by about 1%.
The US needs to agree a new spending bill before the financial year ends at midnight on Monday. But political divisions have resulted in a stalemate.
In Italy, Prime Minister Enrico Letta is to hold a confidence vote on Wednesday.
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