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Merkel’s conservatives win the German election. Merkel’s conservative bloc won 32.5% of the vote, but that was down from 41.5% in 2013, Reuters says. Additionally, the far-right Alternative for Germany took 13.5% of the vote and will enter parliament for the first time.
Shinzo Abe calls a snap election. In doing so, Abe is seeking to bolster support for a tougher stance against North Korea, Reuters says.
The Bank of England wants banks to hold more capital. British lenders will have to hold an additional £10 billion ($US13.5 billion) in capital to protect against increased risks related to rapidly rising unsecured consumer lending, the Bank of England said on Monday.
Traders are still betting against the dollar. Net short positions among speculators increased by $US900 million to $US8.4 billion, leaving it at levels not seen since early 2014, Australian bank ANZ says, citing US Commodity Futures Trading Commission data.
Steve Cohen takes a big step forward in his comeback. Cohen sent investors documents pitching his new fund, Stamford Harbour Capital, a person who has reviewed the deck told Business Insider.
Iron ore enters a bear market. It has now fallen 20.5% since its August 21 high and is trading at its lowest level since July 7.
Tesla wants to build “mega charging” stations. The electric car maker wants customers to have a place to grab food or coffee and use the restroom while their vehicles charge.
Stock markets around the world are mostly lower. Hong Kong’s Hang Seng (-1.36%) led the losses in Asia and France’s CAC (-0.22%) trails in Europe. The S&P 500 is set to open down 0.11% near 2,500.
Earnings reports trickle out. Red Hat and Synnex report after markets close.
US economic data is light. Dallas Fed manufacturing will be released at 10:30 a.m. ET. The US 10-year yield is down 2 basis points at 2.23%.
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