Asian stock markets closed mostly in the red and European shares were trading lower after a raft of disappointing Chinese data.
Here are five things that matter for markets now:
- Industrial output growth in China slowed to 6.9% in August from a year earlier, with demand from abroad falling and a slump in the construction sector. The figure was lower than July's 9% growth in industrial production. Meanwhile, fiscal expenditure slowed in August.
- Alibaba (BABA), China's largest e-commerce company, is planning to increase its IPO price to take advantage of huge interest, Bloomberg reports. The top end of the target price could be raised to $70 from $66.
- Billionaire investor William Ackman plans to file for an IPO of a fund on the Amsterdam Stock Exchange, possibly as soon as Monday the New York Times reports. Ackman had previously considered the London Stock Exchange for the listing.
- U.S. medical device maker Danaher (DHR) is buying Swiss dental implants make Nobel Biocare for $2.2 billion. The acquisition will make Danaher the world's largest maker of implants.
- Brewer Heineken (HEINY) has rejected an acquisition offer from SAB Miller, Bloomberg reports. SAB Miller had made the offer in order to fed off a bid for itself from Anheuser-Busch InBev (BUD), experts say.