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Market Flash: Market Mixed / Down

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Breakfast Bites: Equities are trading in lower territory ahead of earnings season that kicks off after the close and after the IMF cut estimates for global growth



  • Confidence among small businesses cooled in September as fewer companies said they planned to hire or invest in new equipment

  • The IBD / TIPP economic optimism index improved by 2.2 points in October reaching 54 vs. 51.8 in September.

  • IMF has cut its global growth estimates again, predicting a rise of 3.3% this year (down from 3.5%) and 3.6% in 2013 (down from 3.9%).

  • Japan's current-account surplus widened to ¥454.7B ($5.8B) in August from ¥436.3B a year earlier, the first such increase for 18 months as lower energy prices helped offset the strengthening yen and falling exports.

  • German chancellor Angela Merkel is visiting Greek Prime Minister Antonis Samaras in Athens today.

  • The contraction in U.K. industrial production accelerated to -1.2 percent this month against expectations of a 1.1 percent decline. Manufacturing also contracted 1.2 percent against expectations of a 0.7 percent decline

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