Premarket: World stocks in debt ceiling limbo after U.S. rating warning

News Snapshot:

Markets were stuck in U.S. debt ceiling limbo on Thursday, while Europe largely shrugged off news that its biggest economy, Germany, had sagged into recession and that all the wrangling in the United States could cost it an AAA credit rating. With stock markets now fixated on the fight in Washington, falls in Asia were followed by early dips in London, Paris and Frankfurt where some home-grown issues have been showing again. Updated German GDP figures showed the euro zone powerhouse had slipped into recession in the first few months of the year despite the initial reading suggesting otherwise, while...