About 85 percent of men reported in a study that their partner had an orgasm during their most recent sexual event. The number dropped to 64 percent when women were asked whether they reached climax their last time.
Europe Beats U.S. 14 1/2 to 13 1/2 to Win Ryder Cup (Update3)
Europe defeated the U.S. 14 1/2 to 13 1/2 to regain golf’s Ryder Cup at Celtic Manor in Newport, Wales.
U.S. Stocks Drop Before Earnings Start; Emerging Markets Gain
U.S. stocks fell, pushing the Standard & Poor’s 500 Index to its biggest drop in a month, as analyst ratings cuts and a drop in American factory orders triggered caution before the start of the earnings season. Two- year Treasury yields declined to a record, while emerging markets shares rose to the highest level since 2008.
World Economy Decoupling From U.S. Returns as View (Update1)
Wall Street economists are reviving a bet that the global economy will withstand the U.S. slowdown.
MAIN ECONOMIC RELEASES: Figures are based on Bloomberg survey of economists:
Australia’s Central Bank May Raise Benchmark Rate to 4.75% Australian Business Confidence Probably Rose in September Australia May Report Trade Surplus in August Australian Services Probably Shrank in September India’s Services Growth May Accelerate, Indicates Strong Demand Indonesia May Hold Interest Rates as Inflation Remains Benign N.Z. Business May Be More Pessimistic on Sales, Institute Says Taiwan Consumer Prices May Rise in September on Storm Philippine Inflation May Hold Near 7-Month Low, Support Rates BOJ Expands Credit Program, Signals May Take More Actions
MAIN ANALYST UPGRADES/DOWNGRADES: *Asustek Computer Cut to ‘Neutral’ at UBS *KDDI Raised to ‘Overweight’ at HSBC *NTT DoCoMo Raised to ‘Neutral’ at HSBC *Henderson Group Raised to ‘Hold’ at Numis Securities *Bharat Heavy Cut to ‘Underweight’ at HSBC *PTC India Ltd Raised to ‘Overweight’ at HSBC *NTPC Raised to ‘Neutral’ at HSBC *Caltex Australia Cut to ‘Sell’ at Deutsche Bank *Sun Pharmaceutical Raised to ‘Hold’ at Deutsche Bank *Suntech Power Holdings Cut to ‘Sell’ at Canaccord Genuity
ASIAN MARKETS
The Nikkei 225 futures contract due in December fell 30 to 9,355. The Hang Seng Index futures contract for October rose 302 to 22,630. The S&P/ASX 200 Index futures contract due in December rose 52 to 4,638 at 6:59 a.m. in Sydney.
U.S. Stocks Retreat as Analysts Turn Cautious Before Earnings
U.S. stocks fell for the third time in four days as analysts’ rating downgrades of companies including Microsoft Corp. and Macy’s Inc. triggered caution before the start of the third-quarter earnings season.
Treasuries Advance Amid Factory-Order Decline, Outlook for Fed
Treasuries rose, pushing two-year yields to a record low, as government data showing U.S. factory orders declined more than forecast fueled speculation the Federal Reserve will increase asset purchases.
Dollar Rises as Economic Concern Saps Demand for Riskier Assets
The dollar advanced against most of its major counterparts as investors avoided higher-yielding assets after reports on U.S. factory orders and home sales failed to relieve concern that the recovery is stalling.
European Stocks Decline for Sixth Day; VW, Daimler Lead Drop
European stocks declined for a sixth day, the longest stretch of losses since January 2009, as reports on U.S. home sales and factory orders failed to ease concern about the strength of the world’s largest economy.
German Bonds Open Little Changed; 10-Year Bund Yield at 2.28%
German government bonds opened little changed, with the 10- year yield at 2.28 percent as of 7:05 a.m. in London. The two- year note yield was at 0.85 percent.
Capital Gold Corp Raised to ‘Hold’ at Octagon
Capital Gold Corp (CGC CN) was raised to “Hold” from “Sell” at Octagon Capital by equity analyst Hendrik Visagie. The target price is $4.70 per share.
HIGHLIGHTS FROM NEWSPAPERS:
Qantas in Talks on W.A. Charter Service, Financial Review Says
Qantas Airways Ltd. is in talks to buy West Australian charter airline Network Aviation in a deal worth about A$30 million, the Australian Financial Review reported, without saying where it got the information. Network Aviation services mining towns and sites, the report said. Qantas is conducting due diligence, according to the newspaper.
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