⁍ U.S. shares however were set to bounce back from Wall Street’s worst day in a month with E-mini futures for the S&P 500 up 0.23%.

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⁍ Rising coronavirus cases around the world are forcing some countries to impose new curbs.

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⁍ China’s industrial profits grew at a slower pace in September, suggesting a recovery in the manufacturing sector has yet to solidify.

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– The stock market had a rough day on Monday, with the Dow falling more than 400 points, the S&P 500 and Nasdaq dropping more than 2% each, and the dollar dropping to its lowest level against the Japanese yen in more than a year, reports MarketWatch. Markets in Europe and Asia were also down in early trading, reports Reuters, with Britain’s FTSE 100 down 1.1% and Germany’s DAX down 1.2%. Investors were also keeping an eye on the US presidential election, with polls showing Democrat Joe Biden with a solid lead over President Trump. “The challenge for markets is that in most cases they are already pricing a very strong economic bounce,” says Michael McCarthy, chief market strategist at CMC Markets in Sydney. “The new outbreaks, and the potential for a double-dip recession, directly contradict this assumption.” Meanwhile, China reported its industrial profits grew at a slower pace in September, suggesting a recovery in the manufacturing sector has yet to solidify, reports the AP. “Two events in the next few days will shape the policy outlook for the world’s two largest economies: China’s 14th Five-Year Plan and the US elections,” says Tai Hui, chief Asia market strategist at J.P. Morgan Asset Management. “The recent surge in infections in the US and Europe is also denting market sentiment.”