US indices finished their day on a better footing than when they started. The S&P and NZSDAQ spent the day in positive territory and by the time exchanges closed, even the Dow was able to throw off the anchor of poor earnings, the dumping of a division and the withdrawal of 2015 guidance from IBM. Sentiment toward the technology got a big boost after the close from Apple who showed that the big lineups at its stores lately has translated into strong sales and earnings for its new iPhone6 smartphones, and guidance for holiday quarter sales was also very aggressive. The only worm in the results was soft iPad sales so the refresh announced last week needs to really deliver to revive the line. Today is also a big day for trading in markets sensitive to the Chinese economy including the Hang Seng, China A50, S&P/ASX, AUD, NZD, Copper and perhaps also crude oil. China Q3 GDP is due today with the street expecting a slowdown to 7.2%. China related markets have been under pressure on concerns of the impact a slowdown could have on the country’s demand for resources. A worse than expected result could weigh on China dependent markets while a better than expected result could help to shore up support. Corporate News Apple $1.42 vs street $1.30, sales $42.1B vs street $40.0B, guides next Q sales to $63.5-$66.5B vs street $63.7B Texas Instruments $0.76 vs street $0.71, guides next Q to $0.64-$0.74 vs street $0.63 Chipotle Mexican Grill $4.15 vs street $3.84, guides same store sales to mid teens for this year, low to mid single digits for next year Economic News Significant announcements released overnight include: Canada wholesale sales 0.2% vs street (0.3%) UK Rightmove house prices 7.6% vs previous 7.9% Germany producer prices (1.0%) as expected Italy industrial sales (2.3%) vs previous (1.3%) Upcoming significant announcements include: 11:30 am AEDT Australia RBA minutes 1:00 pm AEDT China Q3 GDP street 7.2% vs previous 7.5% 1:00 pm AEDT China retail sales street 11.7% 1:00 pm AEDT China industrial production street 7.5% 1:00 pm AEDT China fixed assets street 16.3% 9:30 am BST UK public sector borrowing street £9.4B 10:00 am EDT US existing home sales street 5.10M

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