In a market wrap, analysts at ANZ Bank New Zealand explained that US equities continued to sink, following weakness through the Asian session, as markets continue to digest the combination of higher US rates, ongoing trade tensions, and Chinese growth concerns.

Merseyside Pension Fund, Liverpool, England, selected FTSE Russell’s Smart Sustainability index as the benchmark for a portion of its passive equity portfolio that will have a multifactor approach focused on climate risk, said Owen Thorne, investment manager at the £9 billion ($11.8 billion) pension fund.

Philippine group’s expansion at risk now that it expects to raise less capital

It was quiet out there in the markets—spooky quiet. All five of the calmest quarters for U.S. stocks in the past 20 years have occurred since the start of 2017. Then came Oct. 10-11, when markets were hit by a storm that came out of the clear blue sky. The S&P 500 fell 5.2 percent over two days. That represented the fifth-biggest increase in volatility in the almost 90-year history of the index and its predecessors, according to Rocky Fishman, a Goldman Sachs Group Inc. equity derivatives strategist.