Dow-0.91% S&P -0.86% Nasdaq -0.91% Russell-1,09%
US Market closed lower ahead of first Clinton/ Trump debate. Pressure came from Europe after financials weakness pushed by DBK, The stock tumbled 7.1% and ended at a fresh all-time low. Participants favored a risk-off stance throughout the session, bidding Treasuries, gold, and safe-haven currencies. The CBOE Volatility Index (VIX 14.49, +2.20) jumped more than two points as investors sought some portfolio insurance ahead of some key macro events. Ten sectors ended in the red with consumer discretionary (-1.1%), health care (-1.2%), and financials (-1.5%) acting as the largest laggards. Conversely, defensively-oriented real estate (+0.2%) finished with the only gain. DIS -1.4% on news they could bid for TWTR. Volume were below average with 775mil shares. US after Hours SNX +8% and THO +1.4% higher following earnings/guidance, INFI +14% / PIRS +13% / KITE +10% on trial data news... SXL -6% on acquisition / offering news. US Future trading higher after the first debate as Clinton looked better. In Asia, China industrial profit growth widens to 19.5% V 11.0; Stats bureau keeps expectations in check by referencing low y/y base and warning about soft internal/external demand; PIMCO concerned over high China corporate debt.
Nikkei +0.52% Hang Seng +1% CSI +0.07% Shanghai -0.17%
Eur$ 1.1245 CNH 6.6804 CNY 6.6697 JPY 100.86 GBP 1.2977 CHF 0.97 RUB$63.7372 WTI 45.86 -0.17%
S&P +0.56% EuroStoxx +0.74% FTSE +0.62% Dax +0.64% SMI +0.40%
Macro :
- ECB’s Coeure Says He’s Not in Favor of Buying Bank Bonds: SZ
- Clinton, Trump Draw Stark Contrasts With Sharp Debate Attacks
- Mexican Peso Jumps, Gold Retreats as Clinton Seen Taking Debate
Keep an eye on :
- AC FP : Accor Plans to Create Youth Hostel Chain, Le Figaro Says
- BAYN GY : Mylan, Lupin Said to Weigh Bids for Bayer Dermatology Business
- BMPS IM : Monte Paschi Says Business Plan to Be Approved Oct. 24
- CBK GY : Commerzbank Overhaul Said to Include 9,000 Job Cuts by 2020: HB
- CNA LN : Centrica Still in Process of Selling Canada Gas, Oil Assets
- ACA FP : Credit Agricole Sells EU300M Bonds Changeable for Eurazeo Stock
- ENGI FP : Engie Wins Beijing Gas Contract Worth EU200m-EU300m: Figaro
- RF FP : Credit Agricole Sells EU300M Bonds Changeable for Eurazeo Stock
- FFP FP : Peugeot-Family Holding FFP Names Bertrand Finet to Mgmt Board
- GNFT FP : Genfit 1H Net Loss Widens, Co. Must Raise Funds for Elafibranor
- NOVOB DC : Novo Nordisk May Resume Double-Digit Growth From 2019: Thomsen
- ORA FP : Orange Belgium Names Arnaud Castille CFO; Werner De Laet Returns
- RBI AV : Raiffeisen CEO Says ‘Smaller’ Issues Left to Resolve on RZB
- ROG VX : Roche Gets 510(k) FDA Clearance for Treponema Pallidum Assay
- RWE GY : RWE’s Innogy IPO Has Demand for All Shares on Offer: Terms
- LOCAL FP : SoLocal Holders Group Plans Resolution to Oust Board: Figaro
- STL NO : Statoil Cancels West Epsilon Contract W/ North Atlantic Drilling
- GLE FP : France May Consider Partial Cut of SocGen Tax Rebate: Tribune
- HO FP : Thales Denies Railway Signalling Unit Was Ever Put Up for Sale