More than a week after Stephen Paddock carried out the deadliest mass shooting in US history, Las Vegas Police and the FBI still have few clues about what motivated the millionaire semi-retired professional gambler to murder 59 people, and – perhaps more disturbing – no idea why he ended his reign of terror after just 11 minutes.
S&P500 futures point to a slightly lower open, as Asian stocks rise to trade near decade highs, with Japan’s Nikkei 225 closing at highest since 1996. European stocks are little changed, with Spanish shares gaining after Catalan President rows back from an immediate declaration of independence. MSCI's all-world stocks index briefly hit a fresh record high in opening European trading as a 1.5% jump in Spain's IBEX added to a 10-year high set by Asian shares overnight.
North Korea is preparing to fire multiple short-range rockets around the opening of the Chinese Communist Party’s twice-a-decade congress on Oct. 18, the Seoul-based Asia Business Daily reports, citing an unidentified person. According to the newspaper, the U.S. and South Korean militaries have recently spotted about 30 Scud rockets being moved from Hwangju, south of the capital Pyongyang, to a missile maintenance facility in the western coastal city of Nampo.
More from the report, google translated:
In a provocation that’s sure to raise eyebrows in Beijing, a US Navy destroyer on Tuesday sailed within 12 miles of Parcel islands in the South China Sea in what appears to be the first US “Freedom of Navigation” operation in two months.
Reuters reports that the USS Chafee, a guided-missile destroyer, challenged “excessive maritime claims” near the Paracel Islands, among a string of islets, reefs and shoals over which China has territorial disputes with its neighbors. The operation is believed to be the fourth of its kind to take place since Trump took office.
After a steady march higher in the wake of the 'great recession' nearly a decade ago, a note today from Rent Cafe reveals that average rents in the United States have now stalled for 4 months in row with September's national average coming in at $1,354 per month, which is virtually flat from the $1,350 average reached in the summer.