Shutdown Keeps Markets on Edge

    The sun rises on the U.S. Capitol in Washington, October 15, 2013. House Republicans hope to pass their own legislation to reopen the federal government, rejecting the deal that emerged from Senate negotiations.  REUTERS/Jonathan Ernst  (UNITED STATES - Tags: POLITICS BUSINESS) - RTX14C8X

    Jonathan Ernst/Reuters,© Jonathan Ernst / Reuters

    Nobody is going to say the U.S. government wasn’t warned. Investors are on edge Wednesday as the country inches closer and closer to a possible debt default, although the hint of a deal helped keep financial markets steady in their opening Wednesday. “The markets have been going sideways for a while now and they seem pretty hopeful that we will get this compromise deal and that is what is getting us through it,” said HSBC G10 currency strategist Darah Maher. But things were bleak on another front: Fitch Ratings warned Tuesday it could pull the U.S.’s AAA rating—causing S&P, Dow Jones, and Nasdaq to all drop on the news.

    Read it at Reuters