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Europe shares turn positive ahead of US deal

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.

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Rand - Dollar
18.88
+0.3%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.37
+0.3%
Rand - Aus dollar
12.31
+0.3%
Rand - Yen
0.12
+0.3%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
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Brent Crude
87.00
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Top 40
68,346
0.0%
All Share
74,536
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Resource 10
57,251
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Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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