1. Sales of Apple Inc's (O:AAPL) new iPhones are on pace to beat the 10 million units the previous versions logged in their first weekend last year, the company said on Monday, sending its shares up nearly 2 percent.

2. The dollar held gains against the other major currencies in thin trade on Monday, as investors remained focused on the Federal Reserve's upcoming policy statement on Thursday.

3. U.S. stocks were lower at the open on Monday as a weary market awaited this week's Federal Reserve meeting that will decide on an interest rate increase. Stocks are expected to remain volatile in the run-up to the policy meeting on Wednesday and Thursday.

"The uncertainty is so high in regard to the announcement ... it leaves investors a little bit paralyzed relative to what to do in anticipation thereof," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

4. Industrial production in the euro zone rose more-than-expected last month, official data showed on Monday. In a report, Eurostat said that Euro zone industrial production rose to a seasonally adjusted 0.6%, from -0.3% in the preceding month whose figure was revised up from -0.4%.

Analysts had expected Euro zone industrial production to rise 0.3% last month.

5. Oil prices fell on Monday as weaker-than-expected Chinese data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude.

Traders are also waiting to see whether the U.S. central bank raises interest rates for the first time in nearly a decade later this week.

 

 

 

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China's stocks fell on Monday after data suggesting economic growth was running below the 2015 target level of about 7 percent heightened concerns about the health of the economy.

The economic concerns offset the impact of plans announced at the weekend to reform the bloated state-owned enterprise sector and produce "decisive" results by 2020.

Underscoring the fragility of China's financial markets even after some respite last week, currency traders suspected the central bank intervened to prop up the yuan in onshore markets, which wobbled following a report that net capital outflows in the first quarter of the year were more than $100 billion.

"China's economy faces relatively big downward pressure, so investor sentiment remains weak," said Gu Yongtao, strategist at Cinda Securities.

China's stock markets have been on a roller-coaster ride in the past few months, falling close to 40 percent since June and prompting frantic efforts by authorities to restore confidence. Still, at their peak this year, they were up more than 150 percent compared with the lows of 2014.

A surprise devaluation of the yuan in August further roiled markets, reinforcing concerns the economy was weaker than previously thought and forcing China to burn through its foreign exchange reserves to keep the currency stable.

A flurry of economic data in the past week has fed those concerns and prompted Premier Li Keqiang to try to reassure markets that China is on track to meet its main economic growth targets. The government has said it expects GDP growth of around 7 percent this year.

Price data pointed to increased deflation pressure and lower-than-expected industrial output and investment figures this weekend raised further doubts.

"Overall, the economy is very weak and the central bank may have to continue cutting interest rates and banks' reserve requirement," said Zhou Hao, senior economist at Commerzbank AG in Singapore, adding he thought growth would dip below 7 percent in the July-September quarter.

China's benchmark CSI300 index .CSI300 of the biggest listed stocks in Shanghai and Shenzhen closed down 1.97 percent, while the Shanghai Composite Index .SSEC dropped 2.67 percent.

China CSI300 stock index futures fell, some by as much as 7 percent, underlining investor scepticism in the stock market's upside potential.

Government plans on restructuring of state-owned enterprises (SOEs), including allowing private investment, appeared to offer little for investors to feed off.

The mammoth task could involve some 25,000 enterprises owned and managed by local governments and more than 100 managed centrally under the State-owned Assets Supervision and Administration Commission, or SASAC. "The plan has long been expected," said Cinda's Gu. "So interest toward the theme could be short-lived."

 

 

 

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1. U.S. stocks opened lower on Friday as investors awaited a decision on rate hike by the U.S. Federal Reserve next week. The Dow Jones industrial average (DJI) fell 52.78 points, or 0.32 percent, to 16,277.62, the S&P 500 (SPX) lost 6.56 points, or 0.34 percent, to 1,945.73 and the Nasdaq composite (IXIC) dropped 24.55 points, or 0.51 percent, to 4,771.71.

2. U.S. producer prices were flat in August, pointing to benign inflation pressures that could weigh on the Federal Reserve's decision whether to hike interest rates next week.

3. Oil prices fell on Friday after Goldman Sachs (NYSE:GS) cut its crude forecasts, citing global over-supply and concerns over the health of the Chinese economy, and after Saudi Arabia dismissed the idea of an oil producer summit.

4. U.S. core producer price inflation rose more-than-expected last month, official data showed on Friday. In a report, U.S Bureau of Labor Statistics - Department of Labor said that U.S. core PPI rose to a seasonally adjusted 0.3%, from 0.3% in the preceding month. Analysts had expected U.S. core PPI to rise 0.1% last month

5. A spike higher in the offshore yuan following suspected rare intervention by Chinese state banks is expected to be short-lived, especially with a looming U.S. interest rate rise likely to add to the attraction of owning dollars.

 

 

 

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1. U.S. stocks wavered Thursday, with the Dow Jones Industrial Average struggling to maintain early gains after global shares dropped, while weak data out of China and Japan -- the world’s second and third-largest economies -- heightened concerns about slowing global growth. Stocks continued their wild roller-coaster ride Thursday, extended the previous day’s losses, where U.S. stocks plunged sharply in the final minutes of trading Wednesday, sending the Dow nearly 240 points lower by the day's end.

2. The dollar remained steady against the other major currencies on Thursday after data showing that Initial jobless claims ticked lower last week as uncertainty over whether the Federal Reserve will hike rates this month continued to weigh.

3. Brazil's financial markets fell on Thursday after Standard & Poor's cut the country's sovereign rating to junk late Wednesday, though assets began to pare losses in late morning trading as the downgrade had been largely priced in.

4. The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve's decision whether to raise interest rates. The number of people who filed for unemployment assistance in the U.S. fell in line with expectations last week, remaining in territory consistent with a strengthening labor market, official data showed on Thursday.

5. U.S. stocks were little changed at the open on Thursday amid fears of slowing global growth ahead of the U.S. Federal Reserve's interest rate meeting next week. Global markets were under pressure after data showed a drop in producer prices and car sales in China and slowing capital spending in Japan.

 

 

 

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1. Wall Street opened higher on Wednesday after China's finance ministry said the government will strengthen fiscal policy, boost infrastructure spending and speed up tax reforms.

2. Gold futures fell to the lowest level in more than three weeks on Wednesday, as a broadly stronger U.S. dollar and rallying global equity markets reduced the appeal of the precious metal.

3. The dollar pushed higher against against the other major currencies on Wednesday, amid hopes for fresh easing measures by the Bank of China. The dollar was higher against the yen, with USD/JPY up 0.92% at 120.91.

4. Global shares surged on Wednesday, led by the biggest daily gains in Japan for seven years, helping lift the dollar and oil prices as the prospect of more stimulus from China soothed investors rattled by recent market turmoil. The charge into stocks pushed yields on low-risk government bonds higher, with the rise exacerbated by the anticipation of auctions of German and U.S. 10-year debt later in the day.

5. Lockheed Martin Corp (NYSE:LMT), the maker of F-35 fighter jets, said it would cut about 500 jobs in its IT services unit by mid-November. Lockheed said the job cuts were unrelated to the strategic review the company announced in July for its government IT and technical services businesses.

 

 

 

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