The World Bank lowered its outlook for economic growth in Asia, from the 7.6% estimate it made in May to 7.2%. It also warned that worsening conditions in Europe could knock off 2% from Asia's GDP growth next year.
In Europe, Germany received a surprisingly positive report Monday showing exports in August increased 5.8% over the previous year.
U.S. bond markets are closed for Columbus Day.
Netflix ( shares gained 5% after Morgan Stanley upgraded the stock to 'overweight' from 'equal weight.' )
Shares of Best Buy (Fortune 500) fell 2% in premarket trading after reports that the retailer is expanding its tech-support Geek Squad service to , eBay Inc (Fortune 500) and s , Target (Fortune 500) stores. ,
American Express (Fortune 500) and , Walmart (Fortune 500) are teaming up on a new prepaid card service, dubbed Bluebird. Shares of prepaid carriers , Green Dot (and )Netspend ( fell sharply on the news. )
The unofficial release of a House Intelligence Committee draft report warned against doing business with Chinese telecom companies Huawei and ZTE. Both companies seek to expand operations in the west, and the report details national security concerns because of the firms' ties to China's government.
Corporate results for the third quarter will begin in earnest later in the week, with reports due from Alcoa (Fortune 500), , Costco (Fortune 500), , JPMorgan (Fortune 500) and , Wells Fargo (Fortune 500). ,
Oil for November delivery fell $1.02 to $88.86 a barrel.
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|30 yr fixed||4.32%||4.26%|
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