Analysts at TD Securities explained that market sentiment was downbeat with North American equities posting declines (SPX: -0.3%, TSX: -0.1%) to extend the risk-off session in Europe.

Stocks slipped on growing concern about the outlook for global trade and U.S. politics. Oil rallied toward a four-year high.

The MSE Equity Price Index drifted lower for the first time in four trading sessions on Monday as it slipped by 0.19% from its six-week high to 4,353.864 points.

Stocks fell on Monday across the globe as US tariffs on an additional $200bn of Chinese imports kicked in, clouding the global economic outlook with prospects of an intensified trade war between the world’s top economies.

Qurate Retail Inc Series A (NASDAQ:QRTEA) – Analysts at B. Riley reduced their Q3 2018 earnings estimates for shares of Qurate Retail Inc Series A in a research report issued to clients and investors on Wednesday, September 5th, Zacks Investment Research reports. B. Riley analyst B. Crockett now forecasts that the company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.35. B. Riley also issued estimates for Qurate Retail Inc Series A’s Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $1.96 EPS, FY2019 earnings at $2.20 EPS and FY2020 earnings at $2.74 EPS.

Regional markets including Japan and China shut for public holiday

What you need to know

• Oil prices climb as producers decide against output rise
• European shares open with modest losses, led by Dax
• Euro zone sovereign bond yields flat
• Hong Kong stocks fall on US-China trade concerns
• Australian dollar knocked lower

Equities

European markets have opened lower, led by Germany’s Dax, down 0.4 per cent with carmakers including Volkswagen, BMW and Daimler AG among the main decliners.

We have been increasingly hearing of people passing away in their mid-’90s or their 90 plus birthdays being celebrated. Owing to medical advancements and increasing consciousness about fitness and wellness, we may very well end up pushing our individual mortality to nineties.

Analysts at TD Securities explained that market sentiment was fairly neutral relative to the euphoric sessions in Asia and Europe, with US equities ending the day unchanged while the TSX eked out a 0.1% gain.

These are trying times for the “Fed Model”. This is not necessarily a problem for the Federal Reserve, and perhaps should not be surprising, but it does show that some assumptions that have long been taken for granted now need to be questioned.

Friday was quadruple witching day.

That means that many index futures and options, plus stock futures and options expired.