Chinese officials are expected to be in Washington this week to hold consultations with the U.S. ahead of high-level trade talks in October.World Economyread more
The ballot comes at a precarious time for the country's longest serving prime minister, with the right-wing incumbent facing formidable challenges.World Politicsread more
Saudi Arabia's defense spending is the world's third-largest — behind the U.S. and China, says Gary Grappo, former U.S. ambassador to Oman.Energyread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
European shares closed lower on Tuesday as the partial U.S. government shutdown, now in its eighth day, continued to weigh on investor sentiment.
US debt fears continue
The closed provisionally down 0.7 percent to 1,232.61 points, with Britain's closing down 1 percent, a fresh three-month low, as data showed U.K. retail sales growth slowed for a second month in September.
The specter of the U.S. debt ceiling continued to weigh on European markets. U.S. stocks extended their losses for a second session on Tuesday, with the Dow and S&P 500 at their lowest levels in nearly a month, as traders continued to focus on developments in Washington.
The impasse between Democrats and Republicans over the federal budget continued on Monday, with little headway made between the two parties on how to break the deadlock.
Meanwhile, yields on one-month Treasury bills continued to head higher this week, a sign that investors are getting increasingly nervous about the prospect of the government defaulting on its debt obligations. Congress and the White House must agree on raising the $16.7 trillion debt limit on government borrowing before October 17, if the country is to avoid defaulting on its debt later this year.
"We continue to expect no solution this week, and the ongoing government shutdown means that today's U.S. data will once again be postponed," said Chris Scicluna, an economist at Daiwa Capital.
In Europe, a report by the Financial Times said that EU regulators who are overseeing next year's stress tests on euro zone banks are preparing to penalize lenders that continue to rely on the European Central Bank's cheap funding scheme, known as the long-term-financing operation, or LTRO.
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The British Retail Consortium reported softer retail sales growth in the U.K. on Tuesday. Shares of U.K. firms , , and all traded lower on the news.
Also in the U.K., a survey by the Royal Institution of Chartered Surveyors showed that British house prices rose at their fastest rate in 11 years in September and sales hit a four-year high.
Italian stocks higher
In stocks news, shares in Italian lender were higher, closing up 1.73 percent, after it unveiled a new recovery plan on Monday, including job cuts, designed to help restore profitability at the bank.
shares received a bounce, closing up 4.85 percent, after the telecoms firm received an upgrade by Citi.
Shares of medical technology firm closed down 10.34 percent after the company issued a profit warning on Tuesday. The stock led fallers in the STOXX Europe 600 Healthcare index, which closed down 0.9 percent. Drugmakers and also weighed after their price targets were cut by JP Morgan and Berenberg.