Fox Corp. struck a deal to acquire a 67% stake in Credible Labs Inc., a U.S.-based consumer finance marketplace operator
Wells Fargo & Co. disclosed that the high end of its estimated range for possible litigation losses was about $3.9 billion as of June 30, up from $3.1 billion as of March 31. The increase was due to a variety of factors, including retail sales practices matters.
JPMorgan Chase & Co. might just be the first foreign company in China to hold a majority stake
Meanwhile, Morgan Stanley took a step closer to having a majority
In the U.S., JPMorgan is likely to lead the planned initial public offering
U.S. lawmakers are split over whether the central bank's plan to put up its own real-time payments system
Kansas City Federal Reserve President Esther George and Boston Fed President Eric Rosengren, the two central bank officials who voted against the July 31 interest rate cut
In other parts of the world
Asia-Pacific: Hong Kong, China stock connect update; India fines banks over fraud reporting
Europe: HSBC CEO resigns; ReAssure, Quilter reach £425M deal; UBI Q2 profit down 46.6%
Middle East & Africa: ADFG completes merger with Shuaa; S&P revises outlook on DR Congo
Now featured on S&P Global Market Intelligence
US financial services Q2'19 M&A scoreboard: YOY activity up, deal value down: U.S. financial services M&A activity rose by deal count in the second quarter but fell sharply by deal value year over year.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, Hang Seng dropped 2.85% to 26,151.32, while the Nikkei 225 shed 1.74% to 20,720.29.
In Europe, around midday, the FTSE 100 fell 2.18% to 7,245.47, and the Euronext 100 lost 2.19% to 1,028.29.
On the macro front
The US Services purchasing managers' index, the Institute for Supply Management non-manufacturing index and the TD Ameritrade investor movement index are due out today.
Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.
The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.
