- The world's largest brewer, Anheuser-Busch InBev (BUD), raised its offer for SABMiller (SBMRF) for the third time. This time, Anheuser-Busch is offering 42.15 pounds ($64.49) per SABMiller share, having already made two prior offers at 38 and 40 pounds.
- Diageo (DEO), the world's biggest maker of spirits, said it sold its stakes in beer makers in Jamaica and Malaysia to Heineken (HEINY).
- Profit at Tesco (TSCDY), the U.K.'s biggest supermarket, halved in the first six months of the year, amid a price war in which the country's grocers are trying to gain market share and fend off competition from discount chains such as Germany's Lidl and Aldi.
- China's foreign exchange reserves posted a widely expected fall in September to $3.514 trillion, $43.3 billion lower than in August. The value of China's gold reserves also edged down, to $61.2 billion at the end of September from $61.8 billion at the end of August.
- The European Central Bank (ECB) started to implement a previously announced policy to allow its executive board members to make market sensitive comments only when they are accessible to the public.
More from U.S. Equity
Several sessions over the past 10 days have seen increased trading volume at the NYSE, but not the Nasdaq, and for the S&P 500, but not the Nasdaq Composite. Is this professional risk reduction?
Traders have to know not only if one of their holdings is reporting, but also if an influential name in the sector is reporting.
Diagnostics revenue grew an impressive 38% due to the necessity of Covid-19 testing.
Potential cautionary signals leave little room for disappointment.
Monday showed some signs of not just profit-taking, but some risk-off behavior by professional managers. What gives? Why now?