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| - Equity markets were mostly lower Tuesday after the week kicked off with a global rally, as attention turned to the first election debate between US President Donald Trump and opponent Joe Biden. Bargain-buying and upbeat economic news from China provided strong support to markets Monday, but the ever-present spectre of the coronavirus and re-imposition of containment measures in several countries dampened sentiment. A major hindrance to further upside is the lack of movement on Capitol Hill in US stimulus talks, with both sides digging in and making the chances of a new package unlikely before the November 3 presidential election. The Democrats' latest offer is for a $2.2 trillion package, which House Speaker Nancy Pelosi said "provides the absolutely needed resources to protect lives, livelihoods and the life of our democracy over the coming months". With Republicans offering a maximum $1 trillion -- and hostilities exacerbated by the row over a replacement for late Supreme Court judge Ruth Bader Ginsberg -- hopes for a breakthrough are thin. "We definitely need another round of stimulus here, not only for confidence for the American public and workers, but also for the markets," Michelle Connell, at Portia Capital Management, told Bloomberg Television. "Going into this election, that would definitely help. I'd expect the markets to be weak, volatile, and have some downside" ahead of the US vote, she added. The first debate between Trump and Biden comes after a weekend report that claimed the president paid barely any federal income tax for years. The imposition of new measures to stem the spread of the coronavirus is also keeping traders on their toes, as concern rises that a recovery from the near-global shutdown earlier in the year could be derailed. However, a top International Monetary Fund official said the economic outlook was not as bad as it had previously feared. "Recent incoming data suggests that the outlook may be somewhat less dire" than projected in the crisis lender's World Economic Outlook published in June, Gerry Rice has said, noting "parts of the global economy (are) beginning to turn the corner". On currency markets, the pound was supported by hopes for a breakthrough in post-Brexit trade talks between Britain and the European Union. Despite Prime Minister Boris Johnson pressing ahead with a bill that would override parts of a divorce treaty signed last year, European Commission chief Ursula von der Leyen has insisted a deal is still possible ahead of an EU summit on October 15. London - FTSE 100: DOWN 0.4 percent at 5,902.02 points Frankfurt - DAX 30: DOWN 0.4 percent at 12,814.80 Paris - CAC 40: DOWN 0.1 percent at 4,836.37 EURO STOXX 50: DOWN 0.2 percent at 3,216.64 Tokyo - Nikkei 225: UP 0.1 percent at 23,539.10 (close) Hong Kong - Hang Seng: DOWN 0.9 percent at 23,275.53 (close) Shanghai - Composite: UP 0.2 percent at 3,224.36 (close) New York - Dow Jones: UP 1.5 percent at 27,584.06 (close) Pound/dollar: UP at $1.2847 from $1.2840 at 2110 GMT Euro/pound: UP at 90.93 pence from 90.92 pence Euro/dollar: UP at $1.1684 from $1.1664 Dollar/yen: UP at 105.62 yen from 105.56 yen West Texas Intermediate: DOWN 0.5 percent at $40.40 per barrel Brent North Sea crude: DOWN 0.4 percent at $42.26 per barrel dan-bcp/rfj/wai
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