MARKET DAILY

Market 10/15: US, China and Europe All Decline

Interest rates drop, oil plunges and semis drag the market after series of hot news

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Key highlights:

  • China introduces more domestic stimulus policies

  • October index -11.9, forecast +3.6 and previous month +11.5

  • Inflation expectations up from August survey

  • Yesterday afternoon: Israel will not attack Iran's oil and nuclear facilities

  • Canada: Inflation down, ready to cut rates 50bps

  • Boeing: Urgently needs $25 billion in new debt

  • ASML: Revenue disclosure error at half of forecast

  • Bank of America: Some concerns about the future

  • Goldman Sachs: Earnings up 54% from trading

  • UnitedHealth: Cuts growth forecast

  • Market: Yields break, oil down, semis sold off

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