US equities closed lower overnight in an uneventful day of trade, closing off near-session lows. Nothing specific behind the cause of the pullback, though some earnings results underwhelmed, regional banks still struggle to find their legs, debt ceiling concerns remain elevated, and CPI data out tomorrow. US treasuries and the USD Index edge higher, while Oil recovered from more than a 2% drop earlier in the session. Gold gained from heightened economic uncertainty, and European markets broadly down after weak corporate earnings soured sentiment. Dow Jones down 57 points (-0.17%). Dow at best up 38 and at worst down 109 in a flat day of trade. S&P 500 down 0.46%. NASDAQ down 0.68%. VIX Volatility Index up 4.3%. In European markets Stoxx 50 -0.6%, FTSE -0.2%, CAC -0.6%, and DAX flat, up 0.02%. SPI Futures are down 21 points (-0.29%).

• ASX to fall slightly; Wall Street sweats on debt ceiling showdown.
• Wall Street closes down as focus shifts to inflation data, debt talks.
• Yields edge up before inflation data.
• T-bills hit by US debt ceiling worries, stocks slip ahead of CPI.
• PacWest gains ground in choppy trading for U.S. regional banks.
• Walmart takes fintech plunge into Mexico's risky marketplace.
• Disney's Iger may have to add slowing growth to his turnaround checklist.
• Republicans defiant after Biden debt ceiling meeting.
• Copper steady, but China demand fears shackle sentiment.
• Gold gains on economic risks with US inflation in focus.
• Oil recoups losses on plans for SPR refill, higher seasonal demand.

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