S&P 500 futures down 0.5% to 2,918.00
Brent futures down 0.9% to $60.76/bbl
Gold spot down 0.1% to $1,500.29
US Dollar Index little changed at 97.75GLOBAL NEWS:Earnings season: Canada Goose
, Macys, Metro Inc, Canopy Growth
are among companies reporting earnings today.A review of corporate results. Tencent
's earnings top estimates, driven by gaming hits like Peacekeeper Elite and Honour of Kings. However, revenues werent on par. Meanwhile, Cisco
's results after the close may signal a softening in European business spending, but it should still ride the wave of campus-network upgrades, Bloomberg Intelligence said.Star fund manager Hasenstab lost $1.8bn in one day.
Franklin Templeton, the management company specializing in emerging markets suffered a $1.8 billion loss on Monday, due to risky bets on Argentina in funds belonging to Templetons manager Michael Hasenstab. Franklin Templeton is one of the largest debt holders in Argentina.Digital giants testify on the French tech tax
are among the companies due to testify Monday at a U.S. government hearing on the French governments digital services tax. The text adopted in early July in Paris provides that a 3% tax on revenues that will apply retroactively from 1 January 2019 to companies with a turnover on their digital activities of at least 750 million worldwide and more than 25 million on French soil.Anbang eyed by Blackstone.
Chinese group Anbang Insurance is looking to sell its $2.4 billion property portfolio in Japan. Its previous owner, Blackstone Group
is bidding, Reuters reports. The portfolio includes mainly residential buildings in Tokyo and other big cities.WeWork launches IPO.
The shared office rental specialist has launched an initial public offering. Valued at $47 billion, its paperwork reveals billions in losses, several leases, and growing revenue.