Breakfast Bites: Equities are trading lower this morning after reaching highs last week, weighed down by weaker than expected Chinese trade data and ahead of the Fed meeting on Wednesday and Thursday of this week
- Treasury confirmed it's putting another $18B worth of AIG (AIG) stock on the block. AIG plans to buy up to $5B worth of the shares at the IPO price.
- Imports into China fell 2.6% in August from a year earlier. They were forecast to grow by 3.5%
- Japanese Q2 GDP rose 0.7% Q/Q, half the initial estimate of +1.4% and below consensus of +1%. GDP fell a nominal 1% in annualized terms vs. +5.5% in Q1.
- Chinese CPI rose 2% Y/Y, in-line with consensus and up from an increase of 1.8% in July. The increase was fueled by the price of food, which rose 3.4% vs. an increase of 2.4% in July.
- Italian GDP fell 0.8 percent in the second quarter, or 2.6 percent from a year earlier
- U.S. Consumer Credit is released at 3:00 pm
