10 Things You Need To Know This Morning
Good morning. Here's what you need to know.
Asian markets were mostly higher in overnight trading, the Nikkei rose 0.89 percent, ending a four-day losing streak. Europe is modestly higher, and U.S. markets have opened higher.
The European Central Bank left interest rates unchanged. The ECB is meeting for the first time since it announced its bond-buying program, called Outright Monetary Transactions (OMT). The ECB is expected to clarify details of the OMT today and ECB head Mario Draghi will hold a press conference at 8:30 a.m. ET.
Republican presidential candidate Mitt Romney drubbed President Obama in last night's debate which focused on the domestic economy. Most Wall Streeters focused on Romney's remarks that he would replace Dodd Frank and that regulations were good. Check out 42 stocks that will thrive in any economy >
Initial claims climbed to 367K, but came in below expectations of 370K. Factory orders for September will be out at 10 a.m. ET. Economists polled by Bloomberg expect factory orders to fall six percent month-over-month. Follow the release at Money Game >
Spain sold €4 billion of short-term bonds. Borrowing costs inched higher on its three-year debt, but fell on the five-year bond. Investors bid for 2 times the amount of a three-year bond that was offered, compared with 1.6 times at a similar auction last month. Look at how Spain is turning into a disaster >
The Bank of England maintained its bank rate at 0.5 percent. It also held its asset purchase program at £375 billion.
Morgan Stanley is looking to sell a majority stake in its commodities unit to Qatar's sovereign wealth fund. The unit specializes in trading oil, gas and electricity. Don't Miss: The 20 sovereign wealth funds that are buying up the world >
The FOMC minutes for the September 13 meeting will be out at 2 p.m. ET. Follow the release at Money Game >
Indian services PMI climbed to 55.8 in September, from 55 in August.
Australian retail sales climbed 0.2 percent in August, missing expectations of a 0.4 percent gain. Weaker retail sales were attributed to soft demand for household goods and at restaurants. Check out 4 things everyone gets wrong about Australia's commodity bust >
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