Morning Journal---BIS warns of violent swings in international markets

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W.W. Grainger beats by $0.01, misses on revenue

·         W.W. Grainger (NYSE:GWW): Q3 EPS of $3.30 beats by $0.01.

·         Revenue of $2.56B (+6.7% Y/Y) misses by $10M.

Philip Morris beats by $0.06, beats on revenue

• Philip Morris (NYSE:PM): Q3 EPS of $1.39 beats by $0.06.
• Revenue of $7.85B (-1.0% Y/Y) beats by $240M.

 

Economics

   This Week’s Data

            August business inventories rose 0.2% versus expectations of a 0.4% increase; unfortunately, business sales fell 0.4%.

            Weekly jobless claims fell 23,000 versus estimates of a 3,000 increase.

           

   Other

            BIS warns of violent swings in international markets (medium):

            http://www.telegraph.co.uk/finance/economics/11162217/BIS-warns-on-violent-reversal-of-global-markets.html