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Ebola Strikes Back   
Fri, 24 Oct 11:22 AM EST/04:22 PM GMT
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Economic Data
- (CL) Chile Sept PPI M/M: -0.7% v -0.1% prior
- (BR) Brazil Sept Current Account Balance (BRL): -$7.9B v -$7.0Be; Foreign Direct Investment (FDI): $4.2B v $3.8Be
- (BE) Belgium Oct Business Confidence-6.8 v -7.9e
- (MX) Mexico Aug Economic Activity Index Y/Y: 1.3% v 2.3%e
- (US) Sept New Home Sales: 467K v 470Ke

Markets are choppy this morning as traders digest the New York City Ebola scare, EU bank stress test results and tons of major earnings reports. Note that comments by ECB President Draghi at the EU Leader Summit in Brussels seem to have helped lift US equities out of the red mid morning. As of writing, the DJIA is up 0.34%, the S&P500 is up 0.22% and the Nasdaq is up 0.32%.

US new home sales rose to a six-year high in September, according to the report out this morning. The August sales - the prior six-year high - were revised much lower, down to 466K from 504K prior. Prices continue to fall. Homebuilders are trading lower on the news, with most major names down one or two percent this morning.

Press reports out in the US premarket suggested that 25 banks out of 130 reviewed would fail ECB capital stress tests. More importantly, only 10 of them still face capital shortfalls. The latter group are talking with the ECB on how they plan to ameliorate the situation. This figure is slightly lower than reports out earlier this week.

Financial media have obsessively dissected Amazon's third-quarter results this morning and reiterate ...
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