China's Shanghai Index rose 4.8 percent, as Chinese officials now routinely verbally manipulate the markets, this time after a securities regulator said the markets were healthy and pledged to keep it stable.
Two weeks ago other Chinese officials were complaining the markets were overpriced and pledged to reign in spending in the steel and cement industries, and to curtail lending.
1) In general, August retail sales are below last year's same period, but most are beating the estimates, including Costco (down 2.7 percent vs. consensus of down 5.7 percent), Limited (down 4 percent vs. consensus of down 5.9 percent), Gap (down 3 percent vs. down 7 percent consensus-strong sales of their premium denim)
Target said September sales would be down in the low to mid single digits.
As expected, teen retailers like Hot Topic and Abercrombie were weak (though Aeropostale again beat numbers and raised guidance) as were most department stores: Macy's, Saks and JC Penney all were below expectations.