Quick Overview

• U.S. Existing home sales fell 8.0% from August's pace -- the lowest since records began in 1999.
  

• The U.S. Department of Energy said that:
  Supplies of crude oil were down 5.3 million barrels to 316.6 million barrels,
  Supplies of gasoline were down 2.0 million barrels.
  Supplies of heating oil were up 900,000 barrels.
  

• Australia’s consumer prices rose 0.9% QoQ and up 2.9% YoY.
  

• Germanys leading economic indicators fell 0.8% in August.
  

• The Commodity Futures Trading Commission told Congress on Wednesday the electronic Intercontinental Exchange's natural gas contract should be subject to more government oversight.
  
  

• Merrill Lynch announced that its US mortgage-related losses were not $4.5bn but $7.9bn.