Daily Morning uptodates.

The S&P 500 futures trade 25 points, or 0.7%, above fair value as the market builds on yesterday's broad-based advance. Economic data will be in focus this morning while the Fed begins its two-day policy meeting. Investors will receive the Empire State Manufacturing Survey for September (Briefing.com consensus 5.9) and Import and Export Prices for August at 8:30 a.m. ET, followed by Industrial Production (Briefing.com consensus 1.0%) and Capacity Utilization (Briefing.com consensus 71.7%) for August at 9:15 a.m. ET. Overseas, China's retail sales and industrial production data for August came in better than expected, helping Asian markets close mostly higher. China's Shanghai Composite increased 0.5% on Tuesday. Corporate news, which was a key driver in yesterday's session, has been relatively light this morning. U.S. futures, though, are drawing influential support from the resiliency in the mega-cap stocks like Apple (AAPL 117.70, +2.34, +2.0%), which is up 2.0% in pre-market action after rising 3.0% yesterday. In the Treasury market, longer-dated maturities have edged lower to push yields mostly higher. The 2-yr yield is flat at 0.14%, and the 10-yr yield is up two basis points to 0.69%. The U.S. Dollar Index is down 0.3% to 92.80. WTI crude futures are up 1.6%, or $0.61, to $37.86/bbl. _______________________________________________________________________________________ In U.S. Corporate news: Apple (AAPL 117.70, +2.34): +2.0% ahead of its product event, which starts at 1:00 p.m. ET. Lennar (LEN 76.00, -3.00): -3.8% despite beating top and bottom-line estimates and saying the fundamentals in the housing market remained strong. Nikola (NKLA 33.87, -1.92): -5.4% on news the SEC is investigating the company to assess fraud allegations. Carnival (CCL 17.44, -0.41): -2.3% after filing a $1 billion common stock offering. Reviewing overnight developments: Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note. Japan's Nikkei: -0.4%, Hong Kong's Hang Seng: +0.4%, China's Shanghai Composite: +0.5%, India's Sensex: +0.7%, South Korea's Kospi: +0.7%, Australia's ASX All Ordinaries: UNCH. -------------------------------------------------------------------------------------------------- In economic data: China's August Retail Sales 0.5% yr/yr (expected 0.1%; last -1.1%), August Fixed Asset Investment -0.3% yr/yr (expected -0.4%; last -1.6%), and August Industrial Production 5.6% yr/yr (expected 5.1%; last 4.8%). August Unemployment Rate 5.6% (last 5.7%) South Korea's August trade surplus $3.84 bln (last surplus of $4.12 bln). August Imports -15.8% yr/yr (last -16.3%) and Exports -10.1% yr/yr (last -9.9%) Australia's Q2 House Price Index -1.8% qtr/qtr (expected -1.0%; last 1.6%) New Zealand's Q3 Westpac Consumer Sentiment 95.1 (last 97.2) In news: Japan's incoming Prime Minister, Yoshihide Suga, is expected to reappoint Taro Aso as Finance Minister and Deputy Prime Minister. China extended a tariff exemption for 16 types of imports from the U.S. The market expects the Reserve Bank of Australia to lower its cash rate to 0.10% from 0.25% at the October 6 policy meeting. Asia Development Bank expects that developing Asian countries will see their aggregate GDP decrease 0.7% in 2020, representing the first contraction in nearly 60 years. Major European indices trade on a higher note. STOXX Europe 600: +0.7%, Germany's DAX: +0.3%, U.K.'s FTSE 100: +1.1%, France's CAC 40: +0.5%, Italy's FTSE MIB: +0.8%, Spain's IBEX 35: +1.3%. In economic data: Eurozone's September ZEW Economic Sentiment 73.9 (last 64.0). Q2 Labor Cost Index 4.2% yr/yr (last 3.7%) and Q2 eurozone wages 5.2% yr/yr (last 3.9%) Germany's September ZEW Economic Sentiment 77.4 (expected 69.8; last 71.5) and ZEW Economic Conditions -66.2 (expected -72.0; last -81.3) U.K.'s July Average Earnings Index + Bonus -1.0% yr/yr (expected -1.3%; last -1.2%) and July Unemployment Rate 4.1%, as expected (last 3.9%). August Claimant Count Change 73,700 (expected 100,000; last 69,900) France's August CPI -0.1% m/m (expected 0.2%; last 0.8%); 0.2% yr/yr, as expected (last 0.8%) Italy's August CPI 0.3% m/m, as expected (last -0.2%); -0.5% yr/yr, as expected (last -0.4%) Swiss August PPI -0.4% m/m (last 0.1%); -3.5% yr/yr (last -3.3%) In news: The British House of Commons voted in favor of the internal markets bill, which will change elements of the Brexit deal. Germany's latest ZEW survey showed a continued improvement in optimism. Fiat Chrysler and Peugeot altered their merger agreement to reduce the amount of the special dividend that will be paid to Fiat shareholders. ______________________________________________________________________________________________________________________________________________ U.S equity futures: S&P 500 Futures +25 @ 3397 DJIA Futures +184 @ 28055 Nasdaq Futures +119 @ 11385 Overseas: Europe: DAX +0.3%, FTSE +1.1%, CAC +0.5% Asia: Nikkei -0.4%, Hang Seng +0.4%, Shanghai +0.5% Commodities: Crude Oil +0.03 @ 37.36 Nat Gas +0.124 @ 2.393 Gold +3.45 @ 1951.30 Silver +0.173 @ 27.030 Copper +0.0140 @ 3.0535 U.S. Summary: __________________________________________________________________________________________________________________________________________________ Earnings/Guidance (Full Earnings Calendar): 3M (MMM) sales for August increased 2% yr/yr to $2.7 bln Camping World (CWH) raises FY21 adjusted EBITDA outlook; Announces long-term goals and initiatives Citi Trends (CTRN) reaffirms Q3 comp guidance; reinstates share repurchase program CVS Health (CVS) reaffirms guidance FY20 (Dec) adj EPS of $7.14-7.27 vs. $7.23 S&P Capital IQ Consensus and cash flow from operations guidance range of $11.0 billion to $11.5 billion Endava (DAVA) beats by $0.07, beats on revs; guides Q1 EPS above consensus, revs above consensus; not providing FY21 guidance ExlService (EXLS) guides Q3 and FY20 EPS and revs above consensus; also will accelerate its stock repurchase program Exterran Corporation (EXTN) raises Q3 and FY20 Adjusted EBITDA outlook Gates Industrial (GTES) announces improved outlook Kraft Heinz (KHC) sees +1-2% organic net sales growth; sees long term +2-3% adjusted EBITDA growth Lennar (LEN) beats by $0.54, beats on revs; says fundamentals in the housing market continued to remain strong Monolithic Power (MPWR) raises 3Q20 revenue guidance above consensus Mr. Cooper Group (COOP) provides Q3 update NextEra Energy (NEE) announces 4-for-1 stock split, increases EPS guidance for 2021 PPD (PPD) raises 3Q20 revenue and adjusted EBITDA guidance Radiant Logistics (RLGT) sees Q4 EPS and revs well above estimates Scotts Miracle-Gro (SMG) guides FY20 above consensus Sonic Automotive (SAH) sees mid-point of Q3 EPS outlook above consensus ________________________________________________________________________________________________________________________________ General News: 50 centrist lawmakers offered a $1.5 trillion stimulus plan, but the proposal is unlikely to pass, according to the New York Times A federal judge has ruled coronavirus economic restrictions in Pennsylvania are unconstitutional. President Trump is pushing for similar rulings in Michigan and North Carolina, according to the Washington Post China will extend sixteen tariff exemptions for another year, according to Reuters JP Morgan (JPM) CEO Jamie Dimon believes economic recovery could be derailed by lack of additional stimulus, the election, and a second wave of coronavirus, according to Reuters President Trump tweets "According to press reports, Iran may be planning an assassination, or other attack, against the United States in retaliation for the killing of terrorist leader Soleimani, which was carried out for his planning a future attack, murdering U.S. Troops, and the death & suffering caused over so many years. Any attack by Iran, in any form, against the United States will be met with an attack on Iran that will be 1,000 times greater in magnitude!" IEA says global oil supply rose by 1.1 mb/d in August to 91.7 mb/d as OPEC+ cuts eased, but was down 9.3 mb/d on a year ago 360 Finance (QFIN) changes company name to 360 DigiTech, effective immediately Aerie Pharma (AERI) announces FDA approval of its Athlone, ireland facility for production of Rhopressa 0.02% Amazon (AMZN) made two key hires to its e-bike delivery team in New York City, including a former Uber manager, according to CNBC AMC Networks (AMCX) announced its Chief Financial Officer Sean S. Sullivan is departing to take a senior position at another company Alphabet (GOOG) faces lawsuit in UK over claims that YouTube tracks children online, according to Bloomberg Apple (AAPL) will host a product event today where a new Apple Watch, iPad, and Airtags will likely be introduced Arbutus Biopharma (ABUS) announces AB-729 90 mg single-dose week 12 data in chronic Hepatitis b subjects demonstrating significant and continuous reductions in HBsAg Becton Dickinson (BDX) is investigating false positive coronavirus tests at nursing homes, according to the Wall Street Journal BioNTech (BNTX) to receive up to 375 mln in funding from German Federal Ministry of Education and Research to support COVID-19 vaccine program BNT162 Bristol-Myers (BMY): European Medicines Agency validates BMY Type II variation application for Opdivo plus yervoy (ipilimumab) for first-line treatment of malignant pleural mesothelioma Buckle (BKE) resumes dividend - authorized a $0.30 per share quarterly dividend to be paid to shareholders of record at the close of business on October 15, 2020, with a payment date of October 29, 2020 Canadian Pacific (CP) and Maersk have reached an agreement to build and operate a world-class transload and distribution facility; facility will be operational in 2021 Carnival (CCL) provides Q3 update; files $1 bln common stock offering CubeSmart (CUBE) provides investor update in presentation; Aug same store occupancy was +130 bps yr/yr to 94.3% Discover Financial Services (DFS) reports August card metrics Endeavour Silver (EXK) appoints Don Gray as COO, awards feasibility study for Terronera Project to Wood plc FedEx (FDX) raising shipping rates for FedEx Express, FedEx Ground, and FedEx Freight, beginning January 4, 2021 GenMark Diagnostics (GNMK) receives CE mark for ePlex Respiratory Pathogen Panel 2 JBT Corp (JBT) announces return of Tom Giacomini as CEO, effective September 21 JPMorgan Chase (JPM) reports August card metrics KBR (KBR) secures eight-year contract worth up to $974 mln Kraft Heinz (KHC) confirms it will cut costs by $2 bln from 2020 to 2024; sees +1-2% organic net sales growth; sees long term +2-3% adjusted EBITDA growth L Brands (LB) forms partnership with Next PLC for its company-owned Victoria's Secret business in the United Kingdom and Ireland LMP Automotive (LMPX) names Evan Bernstein as its CFO Nikola Corporation (NKLA) confirms it has contacted and briefed the SEC regarding Nikola's concerns pertaining to the Hindenburg report; Nikola intends to fully cooperate with the SEC regarding its inquiry into these matters Marinus Pharmaceuticals (MRNS) announces "positive" top-line results from Phase 3 Marigold Study of ganaxolone Marriot Vacations (VAC) sent letter to all associates; involuntary layoffs impacting approximately 3,300 of our associates are necessary MDC Holdings (MDC) provides mid-quarter update; says sharp increase in demand for new homes has extended into Q3 Novavax (NVAX) announces COVID-19 vaccine manufacturing agreement with Serum Institute of India, increasing novavax' global production capacity to over 2 billion doses annually Ocwen Fincl (OCN) originated ~$2.5 billion of volume across all of its originations channels for the month of August Oracle (ORCL): Senator Josh Hawley (R-MO) urges President Trump not to approve ORCL deal for TikTok unless it completely separates from China Oracle (ORCL) is relying on President Trump to back off demands to sell US TikTok unit in order to approve deal, according to CNBC RCI Hospitality (RICK) names Bradley Chhay as CFO Sirius XM (SIRI) CEO, James E. Meyer, intends to retire on December 31, 2020; Upon Mr. Meyer's retirement, Jennifer C. Witz, President, Sales, Marketing and Operations, will become the company's new CEO Sony (SNE) has lowered production forecasts for PlayStation 5 by four million units, according to Bloomberg Takeda Pharma (TAK) receives EMA approval for label update for HYQVIA Textainer Group (TGH) authorizes $50 mln increase to share repurchase program Uber (UBER) will go to court today to win back London license, according to Reuters Walmart (WMT) was informed that Marc E. Lore, Executive Vice President, President and Chief Executive Officer, U.S. eCommerce, entered into a stock trading plan designed to comply with Rule 10b5-1 Walmart (WMT) confirms membership option is now available to customers across the country; includes free 15-day trial period Workiva (WK) announces that two agencies from US Dept of Justice have selected the Workiva platform to streamline and automate a wide array of financial and performance management processes M&A: Cowen Group (COWN) to acquire investment banking business of MHT Partners; terms were not disclosed Fiat Chrysler (FCAU) and Peugeot SA (PEUGF) amend combination agreement Medallia (MDLA) announces acquisition of Sense360 for approx. $44 mln in cash Mylan N.V. (MYL) and Pfizer (PFE) receive final approval from the European Commission (EC) for the proposed combination of Mylan and Pfizer Inc.'s Upjohn business Syndicate: 89bio (ETNB) commences public offering of 3.0 mln common shares, including 300,000 shares offered by selling stockholders Carnival (CCL) files $1 bln common stock offering Forterra (FRTA) announces secondary offering of 10.0 mln shares of common stock by selling stockholder Kornit Digital (KRNT) launches public offering of 3.6 mln ordinary shares, including 1.6 mln shares offered by an affiliate of Amazon (AMZN) Leap Therapeutics (LPTX) files for $150 mln mixed securities shelf offering Medallia (MDLA) announces private offering of $500 million of convertible senior notes Mercury (MRCY) files for $200 mln stock offering; also files for mixed securities shelf offering PPD (PPD) announces that certain stockholders, including stockholders affiliated with Hellman & Friedman and The Carlyle Group, commence public offering of 38.0 mln shares of company's common stock Shopify (SHOP) launches offerings of Class A subordinate voting shares and Convertible Senior Notes IPOs: Expected to Price: Amwell (NYSE: AMWL): The leading telehealth company enabling digital delivery of care for healthcare's key stakeholders is expected to price its 35.0 M share IPO between $14-$16. Broadstone Net Lease (NYSE: BNL): The REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties is expected to price its 33.5 M share IPO between $17-$19. Dyne Therapeutics (Nasdaq: DYN): The muscle disease company focused on advancing therapeutics for patients with genetically driven disease is expected to price its 10.3 M share IPO between $16-$18. JFrog (Nasdaq: FROG): The developer of an end-to-end, hybrid, universal DevOps platform is expected to price its 11.6 M share IPO between $33-$37. Pactiv Evergreen (Nasdaq: PTVE): The largest manufacturer and distributor of foodservice and food merchandising products and beverage cartons in North America is expected to price its 41.0 M share IPO between $18-$21. Snowflake (NYSE: SNOW): The developer of a data cloud platform that enables customers to consolidate data into a single source to drive business insights is expected to price its 28.0 M share IPO between $75-$85. StepStone Group (Nasdaq: STEP: The global private markets investment firm is expected to price its 17.5 M share IPO between $15-$17. Sumo Logic (Nasdaq: SUMO): The pioneer of Continuous Intelligence, a new category of software which enables organizations to address opportunities presented by digital transformation and cloud computing, is expected to price its 14.8 M share IPO between $17-$21. Unity Software (NYSE: U): The leading platform for creating and operating interactive, real-time 3D content is expected to price its 25.0 M share IPO between $34-$42. Vitru (Nasdaq: VTRU): The leading distance learning education group in postsecondary digital education market in Brazil is expected to price its 11.0 M share IPO between $22-$24. Priced to Trade: Outset Medical (Nasdaq: OM): The medical technology company developing technology to reduce cost and complexity of dialysis priced its upsized 8.95 M share IPO at $27.00 per share, above the $22.00-24.00 expected price range. The deal was originally expected to consist of 7.6 M shares. _____________________________________________________________________________________________________________________________________ Gapping Up/Down Gapping up: MRNS +61.1%, RLGT +12.5%, FCAU +9.8%, CWH +7.4%, NEE +7.3%, EXLS +6.9%, SMG +6%, NYMT +5.4%, AERI +4.3%, GRAF +4.1%, BNTX +3.7%, SKT +2.5%, CTRN +2.2%, SCM +2.1%, STOR +1.8%, MDC +1.7%, LPTX +1.5%, IAC +1.4%, MRCY +1.2%, FDX +1.1%, GOOG +0.9%, GNMK +0.9%, APLE +0.9%, MMM +0.9%, WMT +0.8% Gapping down: PPD -4.6%, NKLA -4.5%, FRTA -4.5%, LEN -3.9%, KRNT -3.6%, LMPX -2.1%, ETNB -1.3% Analyst Research (see Upgrades/Downgrades calendarfor full list): Upgrades: BHP Group (BHP) upgraded to Buy from Neutral at Goldman CEMEX S.A. (CX) upgraded to Buy from Neutral at Goldman; tgt $5.10 CyberArk (CYBR) upgraded to Overweight from Equal Weight at Barclays; tgt $130 NextEra Energy Partners (NEP) upgraded to Overweight from Equal Weight at Wells Fargo; tgt raised to $73 Plantronics (PLT) upgraded to Neutral from Underweight at JP Morgan; tgt $19 Rio Tinto (RIO) upgraded to Overweight from Neutral at JP Morgan Rio Tinto (RIO) upgraded to Equal Weight from Underweight at Barclays SiteOne Landscape Supply (SITE) upgraded to Outperform from Neutral at Robert W. Baird; tgt $135 V.F. Corp (VFC) upgraded to Buy from Neutral at BTIG Research; tgt $88 Western Union (WU) upgraded to Buy from Neutral at BofA Securities; tgt $26 ________________________________________________________________________________________________________________________________________________ Downgrades: Investar (ISTR) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $15.50 Origin Bancorp (OBNK) downgraded to Neutral from Buy at DA Davidson; tgt $25.50 Renasant (RNST) downgraded to Neutral from Buy at DA Davidson; tgt lowered to $27 Trip.com Group (TCOM) downgraded to Neutral from Buy at ICBC Others: Alaska Air (ALK) initiated with a Buy at Seaport Global Securities; tgt $53 Allegiant Travel (ALGT) initiated with a Buy at Seaport Global Securities; tgt $166 Alphabet A (GOOG/L) initiated with an Overweight at KeyBanc Capital Markets; tgt $1955 ANGI Homeservices (ANGI) initiated with an Overweight at KeyBanc Capital Markets; tgt $15 AngloGold Ashanti (AU) resumed with an Outperform at RBC Capital Mkts; tgt $40 Azul S.A. (AZUL) initiated with a Neutral at Seaport Global Securities Brunswick (BC) initiated with a Neutral at Citigroup; tgt $70 Copa Holdings (CPA) initiated with a Neutral at Seaport Global Securities Delta Air Lines (DAL) initiated with a Buy at Seaport Global Securities; tgt $43 Facebook (FB) initiated with an Overweight at KeyBanc Capital Markets; tgt $330 Frontdoor (FTDR) initiated with a Sector Weight at KeyBanc Capital Markets Gold Fields (GFI) resumed with a Sector Perform at RBC Capital Mkts; tgt $14.50 GOL Linhas Aereas Inteligentes S.A. (GOL) initiated with a Neutral at Seaport Global Securities Hawaiian Holdings (HA) initiated with a Neutral at Seaport Global Securities InterActiveCorp (IAC) initiated with an Overweight at KeyBanc Capital Markets; tgt $160 Kymera Therapeutics (KYMR) initiated with an Outperform at Cowen Kymera Therapeutics (KYMR) initiated with an Equal-Weight at Morgan Stanley; tgt $27 Kymera Therapeutics (KYMR) initiated with a Buy at Guggenheim; tgt $42 Kymera Therapeutics (KYMR) initiated with a Neutral at BofA Securities; tgt $35 Match Group (MTCH) initiated with an Overweight at KeyBanc Capital Markets; tgt $138 MeiraGTx (MGTX) resumed with a Buy at BofA Securities; tgt $20 Netflix (NFLX) initiated with an Overweight at KeyBanc Capital Markets; tgt $590 Pinterest (PINS) initiated with an Overweight at KeyBanc Capital Markets; tgt $44 Polaris Industries (PII) initiated with a Buy at Citigroup; tgt $120 Primerica (PRI) initiated with an Overweight at Morgan Stanley; tgt $149 Roku (ROKU) initiated with an Overweight at KeyBanc Capital Markets; tgt $228 Sibanye-Stillwater (SBSW) resumed with an Outperform at RBC Capital Mkts; tgt $14.75 Snap (SNAP) initiated with an Overweight at KeyBanc Capital Markets; tgt $29 Spotify (SPOT) initiated with a Sector Weight at KeyBanc Capital Markets The Trade Desk (TTD) initiated with an Overweight at KeyBanc Capital Markets; tgt $580 Tupperware (TUP) initiated with a Buy at DA Davidson; tgt $30 Twitter (TWTR) initiated with a Sector Weight at KeyBanc Capital Markets Yelp (YELP) initiated with a Sector Weight at KeyBanc Capital Markets Upcoming Events: Econ Data: 08:30 ET: Import Prices for August (Briefing.com Consensus NA; Prior 0.7%) 08:30 ET: Import Prices ex-oil for August (Briefing.com Consensus 1.0%; Prior 0.2%) 08:30 ET: Export Prices for August (Briefing.com Consensus NA; Prior 0.8%) 08:30 ET: Export Prices ex-Ag for August (Briefing.com Consensus NA; Prior 0.7%) 08:30 ET: Empire State Manufacturing for September (Briefing.com Consensus 5.9; Prior 3.7) 09:15 ET: Industrial Production for August (Briefing.com Consensus 1.0%; Prior 3.0%) 09:15 ET: Capacity Utilization for August (Briefing.com Consensus 71.7%; Prior 70.6%) Earnings: Monday (Sept 14) Afternoon: LEN Tuesday (Sept 15) Morning: CBRL DAVA Afternoon: ADBE FDX Wednesday (Sept 16) Morning: BRC Afternoon: MLHR Thursday (Sept 17) Morning: APOG CMD Friday (Sept 11) None Confirmed Full Earnings Calendar Asia & Europe detail: Asia: Nikkei -0.4%, Hang Seng +0.4%, Shanghai +0.5% Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note. Japan's incoming Prime Minister, Yoshihide Suga, is expected to reappoint Taro Aso as Finance Minister and Deputy Prime Minister. China extended a tariff exemption for 16 types of imports from the U.S. The market expects the Reserve Bank of Australia to lower its cash rate to 0.10% from 0.25% at the October 6 policy meeting. Asia Development Bank expects that developing Asian countries will see their aggregate GDP decrease 0.7% in 2020, representing the first contraction in nearly 60 years. In economic data: China's August Retail Sales 0.5% yr/yr (expected 0.1%; last -1.1%), August Fixed Asset Investment -0.3% yr/yr (expected -0.4%; last -1.6%), and August Industrial Production 5.6% yr/yr (expected 5.1%; last 4.8%). August Unemployment Rate 5.6% (last 5.7%) South Korea's August trade surplus $3.84 bln (last surplus of $4.12 bln). August Imports -15.8% yr/yr (last -16.3%) and Exports -10.1% yr/yr (last -9.9%) Australia's Q2 House Price Index -1.8% qtr/qtr (expected -1.0%; last 1.6%) New Zealand's Q3 Westpac Consumer Sentiment 95.1 (last 97.2) ---Equity Markets--- Japan's Nikkei: -0.4% Hong Kong's Hang Seng: +0.4% China's Shanghai Composite: +0.5% India's Sensex: +0.7% South Korea's Kospi: +0.7% Australia's ASX All Ordinaries: UNCH ---FX--- USD/JPY: -0.1% to 105.64 USD/CNH: -0.6% to 6.7707 USD/INR: +0.3% to 73.62 Europe: DAX +0.3%, FTSE +1.1%, CAC +0.5% Major European indices trade on a higher note. The British House of Commons voted in favor of the internal markets bill, which will change elements of the Brexit deal. Germany's latest ZEW survey showed a continued improvement in optimism. Fiat Chrysler and Peugeot altered their merger agreement to reduce the amount of the special dividend that will be paid to Fiat shareholders. In economic data: Eurozone's September ZEW Economic Sentiment 73.9 (last 64.0). Q2 Labor Cost Index 4.2% yr/yr (last 3.7%) and Q2 eurozone wages 5.2% yr/yr (last 3.9%) Germany's September ZEW Economic Sentiment 77.4 (expected 69.8; last 71.5) and ZEW Economic Conditions -66.2 (expected -72.0; last -81.3) U.K.'s July Average Earnings Index + Bonus -1.0% yr/yr (expected -1.3%; last -1.2%) and July Unemployment Rate 4.1%, as expected (last 3.9%). August Claimant Count Change 73,700 (expected 100,000; last 69,900) France's August CPI -0.1% m/m (expected 0.2%; last 0.8%); 0.2% yr/yr, as expected (last 0.8%) Italy's August CPI 0.3% m/m, as expected (last -0.2%); -0.5% yr/yr, as expected (last -0.4%) Swiss August PPI -0.4% m/m (last 0.1%); -3.5% yr/yr (last -3.3%) ---Equity Markets--- STOXX Europe 600: +0.7% Germany's DAX: +0.3% U.K.'s FTSE 100: +1.1% France's CAC 40: +0.5% Italy's FTSE MIB: +0.8% Spain's IBEX 35: +1.3% ---FX--- EUR/USD: +0.2% to 1.1892 GBP/USD: +0.5% to 1.2911 USD/CHF: -0.3% to 0.9058