Dow futures contract had risen 35 points, or 0.1%, at 06:42 ET (10:42 GMT), the S&P 500 futures had gained 6 points, or 0.1%, and the Nasdaq 100 futures had gained 20 points, or 0.1%.

1. Futures are rising, JOLTS data is on the way, and an FTX fraud trial has begun – what’s driving markets? 
2. Stock futures in the United States trade steadily, with job openings data in the spotlight.
3. Eli Lilly will pay $1.4 billion for Point Biopharma.
4. The greenback continues to rise, with the dollar index reaching a 10-month high.
5. As China tightens its hold on the App Store, Apple is making modifications to its policies. 
6. Striking Hollywood actors have resumed contract negotiations with companies and networks. 
7. Meta launches a $14-per-month ad-free package for Instagram and Facebook in the EU – WSJ 
8. AstraZeneca will pay $425 million to settle Nexium and Prilosec litigation in the United States. 
9. Oil falls 1% due to a strong US currency and uncertain supply signals. 
10. Shanahan, a board member, has been named interim CEO of Spirit Aero. 
11.  KKR sells over $560 million in industrial properties. 
12. The United States is confident that it will strike a vital minerals agreement with the European Union. 
13. Tesla delivered 435,059 units in Q3, with an estimated 456,722 units. 
14. Insider purchases by the CEO and Director of Cantaloupe, Inc. 
15. Rivian Automotive produced 16,304 automobiles and delivered 15,564 in the third quarter. 
16. Tesla announces a drop in third-quarter deliveries, falling short of expectations. 
17. Tenstorrent, an AI chip startup, will supply chips to Samsung. 
18. Rivian beats Q3 delivery targets despite increasing production. 
19. Wall Street is expected to open lower today as rates increase ahead of Powell’s speech. 

GLOBAL NEWS 

1. At the close of business in Australia, the S&P/ASX 200 was down 1.28%. 
2. At the close of business in Japan, the Nikkei 225 was down 1.83%. 
3. UK retail price inflation is at its lowest in a year, according to the BRC.
4. Brazil’s central bank chief thinks the rate-cutting pace is ‘reasonable’ for the time being.
5. According to a Reuters poll, Sri Lanka is likely to begin rate cuts on Thursday in order to stimulate economy. 
6. Panasonic Electric Works intends to generate INR 15,500 crore in revenue in India by 2030. 
7. Stocks fall as investors are alarmed by rising US bond yields. 
8. Banks countered drops in utilities, keeping European markets stable. 
9. To avert winter power outages, the Texas system is seeking additional capacity. 
10. South Sudan’s president has fired yet another governor of the national bank. 
11. The stock repurchase reduces ByteDance’s valuation by a quarter – source 
12. ByteDance, the company that owns TikTok, has an operational profit of $20 billion and a worth of $220 billion, according to a report. 
13. BLS International Services shares fall as a result of the India-Canada diplomatic crisis. 
14. Plaza Wires’ IPO was oversubscribed 11 times, and the retail part is in high demand. 
15. Rate concerns have caused Asian markets to fall to their lowest levels this year. 
16. According to the World Bank, the Sri Lankan economy would grow next year after contracting by 3.8% this year. 
17. The World Bank keeps India’s current fiscal year growth prediction at 6.3%. 
18. The rouble has recovered marginally after falling below 100 against the dollar. 
19. Evergrande shares are volatile as trading resumes amid a chairman investigation. 
20. Factory growth in India slowed in September but remained solid – PMI 
21. Egypt’s non-oil activity fell in September as backlogs grew. -PMI 
22. The key to intervention, according to Japan’s finance minister, is volatility rather than yen levels. 

 Economic data

·     ISM U.S. manufacturing activity index for September 49.0 vs. consensus 47.7 and above the 47.6 in August as prices paid index 43.8 in September vs 48.4 in August, new orders index 49.2 in September vs 46.8 in August and employment index 51.2 in September vs 48.5 in August.

·     Construction spending for August rises +0.5% to $1.983 trln, in-line with consensus and compared to July +0.9% while Aug private construction spending +0.5%, public spending +0.6%.

·     S&P Global September final manufacturing PMI at 49.8 (vs flash 48.9).

Global Economic Data

Economic Calendar

7:45 AM ET                  ICSC Weekly Retail Sales

8:00 AM ET                  Fed’s Bostic Speaks on Economic Outlook, Inflation

8:55 AM ET                  Johnson/Redbook Weekly Sales

10:00 AM ET                JOLTs Job Openings for August

10:25 AM ET                Fed’s Bowman Speaks at Community Banking Research Conference

4:30 PM ET                   API Weekly Inventory Data

Other Key Events:

Chardan 7th Annual Genetic Medicines Conference, 10/2-10.3, in New York

Deutsche Bank 31st Annual Leveraged Finance Conference, 10/2-10/4, in Scottsdale, AZ

Mizuho 4th Annual REIT Conference 2023, 10/3-10/4, in New York

Roth MKM PV CellTech Conference, 10/3-10/4, in San Francisco, CA

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