- Japanese machinery orders fell unexpectedly in August by 5.7% vs. estimates of an increase of 3.2%, indicating that capital expenditure is weaker than policymakers had anticipated. Orders from non-manufacturers fell 6.1%, due to declines in orders from financial services and shipping.
- Presidential candidate Hillary Clinton said she is opposed to the Pacific trade agreement that the Obama administration recently reached with Asian states, indicating the agreement will have a tough time winning congressional approval. Hillary Clinton said the goal of trade pacts should be to produce new jobs, raise wages and protect national security. "Based on what I know so far, I can't support this agreement," she added.
- Deutsche Bank (DB) is preparing for a record pre-tax loss of 6.0 billion euros ($6.8 billion) in the third quarter, as it is taking huge write-downs in its investment banking unit and due to the planned disposal of two assets: Postbank retail bank and the stake it owns in China's Hua Xia Bank.
- Amazon.com (AMZN), which is a holding of the Growth Seeker portfolio, is launching a marketplace for handmade goods. It will compete directly with Etsy (ETSY), which has made its name selling handmade products.
- U.K. house price growth slowed in September, although the market still faces a shortage of properties for sale, the Royal Institute of Chartered Surveyors (RICS) data show. The RICS monthly house price balance fell to +44 in September after touching its highest level in more than a year at +53 in August. The September reading was at the bottom end of the range of forecasts from economists polled by Reuters, who on average expected a further increase to +55.
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