Global stocks fell the most in a month, trimming the biggest quarterly advance since the start of 2012, before a potential U.S. government shutdown. Treasuries pared early gains while crude oil slid to the lowest level in three months.
The volume of initial public offerings in Europe jumped more than sixfold in the third quarter as investors lured by cheaper valuations and strengthening economies put their money to work in the region.
For Mari Nuzum, who spent three years searching, it’s the best time to buy a home in Greenwich, Connecticut. She, and her husband Richard, bought a six-bedroom Colonial revival in the back-country neighborhood for $3.85 million. A year ago it was listed for $4.75 million.
House Speaker John Boehner’s plan to avert a shutdown by shifting to a debt-ceiling fight ran into opposition from some Republicans in another setback for efforts to keep the U.S. government operating after Sept. 30.
Netflix Inc., the world’s largest subscription-streaming service, wants to attract more customers by adding its Web-based movies and television shows to U.S. cable systems, Chief Financial Officer David Wells said.