Markets declare Hillary Clinton the winner of first debate
Hillary Clinton appears to have edged out her Republican opponent Donald Trump in the first presidential debate, based on analysts' take on the market reaction.
"Early indications suggest Hillary won the debate; at least didn't lose. Futures are higher and the peso is rallying," said Jack Ablin, chief investment officer at BMO Private Bank.
U.S. stock index futures erased losses to trade positive as the debate kicked off. Futures were near session highs as the debate ended, with Dow futures briefly adding more than 100 points.
The U.S. dollar last traded about 1.8 percent weaker against the Mexican peso and was stronger against the yen. The euro-dollar held steady near $1.125.
"If markets think she did well, then the polls need to reflect that. In the financial industry, the (market participants), they can have an assessment she won. That doesn't mean the average voter has the same view," said Andres Jaime, global FX and rates strategist at Barclays.
"If a poll in the next few days shows the race is as tight as it (was heading into the debate), then markets will probably sell off," he said. He said clarity on the latest polls should come by the end of the week.
Donald Trump Attacks Federal Reserve, Yellen During Debate
Republican presidential nominee Donald Trump redoubled his attack on the Federal Reserve and its chairwoman, Janet Yellen, accusing the central bank of “doing political things” by keeping interest rates low.
“When they raise interest rates, you’re going to see some very bad things happen, because they’re not doing their job,” Mr. Trump said during a debate with Democratic presidential nominee Hillary Clinton, accusing the Federal Reserve of being “more political” than his rival.
Mrs. Clinton didn't comment on Mr. Trump’s remarks about the Fed. But she has previously described it as inappropriate for candidates and presidents to weigh in on Fed actions.
Ms. Yellen last week denied that the Fed takes politics into account in its decision making. “I can say, emphatically, that partisan politics plays no role in our decisions about the appropriate stance of monetary policy,” she said during a press conference after the Fed’s policy meeting, at which it decided to leave rates unchanged.
China industrial profits rise most in three years as economy stabilizes
Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilizing.
Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan ($80 billion), the National Bureau of Statistics (NBS) said on Tuesday, the most since August 2013.
The statistics bureau said that steel, oil refining and auto industries were the driving forces behind the jump in profits. The data covers firms with annual revenues of more than 20 million yuan.
Japan's PM Abe: BOJ's new policy framework to strengthen monetary policy
Japanese Prime Minister Shinzo Abe said on Tuesday that the Bank of Japan's new policy framework was intended to strengthen monetary policy and achieve its 2 percent inflation target at the earliest possible time.
Abe, speaking in parliament, said specific policy steps should be left up to the BOJ and that he trusted BOJ Governor Haruhiko Kuroda.
Iran downplays chances of oil deal, UAE keen on freeze
Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude.
Oil prices have more than halved from 2014 levels due to oversupply, prompting OPEC producers and rival Russia to seek a market rebalancing that would boost revenues from oil exports and help their crippled budgets.
Crude oil slip today
Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session.
U.S. West Texas Intermediate (WTI) crude fell 13 cents to $45.80 a barrel, after rising $1.45, or 3.3 percent, in the previous session.
Reference: CNBC,Wall Street Journal,Reuters
Thai
Eng