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Here’s what you need to know before markets open.
1. US stock futures fall after ‘chaotic’ presidential debate, risk aversion rattles oil and silver. Stock futures fell on Wednesday, under pressure from renewed uncertainty over the outcome of the November election, following what pundits called a “chaotic” presidential debate between Republican Donald Trump and Democrat Joe Biden overnight.
2. The UK economy shrank more than it has done in 65 years, plunging nearly 20% in the second-quarter. The UK economy posted its biggest quarterly fall in record between April and June this year, officially entering recession, but a final reading of total activity on Wednesday showed the decline was less severe than originally thought.
3. China’s manufacturing activity surges in September, affirming its path to economic recovery. China’s huge manufacturing sector continued to recover in September, affirming the world’s second largest economy is recovering from the pandemic, according to data on Wednesday.
4. JPMORGAN: The best defenses against stock-market crashes are delivering their weakest results in a decade. Here are 3 ways to adjust your portfolio for this predicament. During stock market downturns, investors can usually turn to safer places to put their money — known as defensive assets — and still see a relatively meaningful return to offset losses in equities.
5. GOLDMAN SACHS: Buy these 16 stocks best-positioned to take advantage of unprecedented Fed money printing and potentially higher inflation in the years ahead. It's not surprising that inflationary fears are creeping back to the forefront of investor attention.
6. The CEO of a $41 billion money manager says there will be 'bountiful buying opportunities' with higher volatility heading into year-end — and shares 4 high-dividend-paying stocks to play this market. At a time when retail investors — from Gen-Z to retirees — have flocked to the stock market in droves to put money to work, Jason Brady has a contrarian recommendation to his clients.
7. 4 stock-market experts break down how to invest heading into 'uncertain' US presidential election. The upcoming US presidential election could be one of the most uncertain elections in the nation's recent history, making current investing decisions difficult. Here's what four market experts are saying about how to invest heading into the election.
8. A Wall Street strategist says it's time to exit tech stocks, and recommends 3 sectors that are cheaper and steadily improving. Steven DeSanctis, Jefferies equity strategist, told CNBC on Tuesday that many large technology stocks are getting "pricey" and there are cheaper alternatives that investors can buy now.
9. Earnings coming in. Computer Services Q2 2021 and Boohoo Q2 2021 earnings are coming in.
10. On the economic front.The US Chicago Purchasing Managers' Index and the US EIA Crude Oil Stocks change are due.