Paris - European shares erased losses and turned positive on Wednesday afternoon, while German Bund futures moved lower on mounting expectation of an imminent deal in Washington to avert a damaging US debt default.
At 16:05, the FTSEurofirst 300 index of top European shares was up 0.2% at 1 265.54 points.
German Bund futures extended losses to hit a session low of 138.79, down 45 ticks on the day.
A senior Senate Democratic aide said on Wednesday the Senate negotiations on legislation to raise the country's debt limit and reopen government agencies are nearing completion and a deal could be announced soon.