Markets Boosted by Clinton Debate Showing



Futures for the Dow, NASDAQ and S&P rose Tuesday morning, as stocks in Asia and Europe gained after the first debate between U.S. presidential candidates, Hillary Clinton and Donald Trump.

Clinton appeared to have gained an edge on her Republican opponent in the debate, which saw Dow futures briefly add more than 100 points before paring some gains.

Ahead of the opening bell, futures for the Dow Jones Industrials hiked 34 points, or 0.2%, to 18,046 while futures for the S&P 500 gained 4.75 points, or 0.2%, at 2,144.50. NASDAQ futures picked up 9.5 points, or 0.2%, at 4,824.50

Shares in Carnival Corp were up 2.3% pre-market, after the cruise operator raised its earnings guidance for the year. The cruise industry has been hit by the Zika virus outbreak in key destinations in Central and South America. Carnival's stock has dropped 14.7% so far this year.

Deutsche Bank fell again on Tuesday to another record low. Investors are worried it may have to raise more funds to pay a huge U.S. fine for dealing in toxic mortgages before the global financial crisis.

Other companies reporting earnings on Tuesday include IHS Markit, which reported before the bell, and Nike, after the close of trade.

Economic data due from the U.S. on Tuesday include the Case-Shiller home price index and the Conference Board's consumer confidence report for September.

Meantime, all eyes will be on oil ministers of the Organization of the Petroleum Exporting Countries meeting on the sidelines of an energy forum in Algeria. The oil cartel is trying to build consensus for a production cut to support prices.

They've been trying to reach an agreement for the past year, with little success so far.

Oil prices dipped 90 cents to $45.03 U.S. a barrel

Gold prices faded $4.30 to $1,33980 U.S. an ounce.