Quick Overview

• The U.S. Fed lowered rates from 2.00% to 1.50%.
  

• The ECB, Bank of England, Bank of Canada and Sweden each cut their benchmark rates by half a percentage point.
  The ECB's rate is now 3.75 %; Canada's 2.5%; the U.K.'s at 4.5%; and Sweden's rate at 4.25%.

• China cut its interest rate from 7.20% to 6.93%
  

• U.S. pending home sales rose 7.4% in August, more than expected.
  

• The U.S. DOE said:
  Supplies of crude oil rose 8.1 million barrels to 302.6 million barrels,
  Supplies of gasoline rose 7.2 million barrels
  Supplies of heating oil supplies were up 400,000 barrels.
  Refinery use rose from 72.3% to 80.9%
  Gasoline demand fell 5.3% YoY
  Distillate demand fell 8.3% YoY.
  
  

• (Bloomberg) Exports of palm oil from Indonesia, the largest producer, may decline by as much as 1.5 million metric tons a year after the nation made the use of renewable energy mandatory, a government official said.