Analysts compiled as of Thursday expect the largest U.S. banks to report nearly $19bn in combined Q3 equity trading revenue when they publish results next week, but widening dispersion is emerging as market activity cools. Goldman Sachs, due to report Tuesday, is forecast at $5.1bn; Morgan Stanley $4.9bn; JP Morgan $4.5bn; Bank of America $2.6bn. The divergence contrasts with 1H, when most big banks broadly benefited from elevated trading volumes.

Foreign Ministry spokesman Mao Ning said at a routine briefing that on the morning of the 8th a Philippine coast guard vessel entered waters near Ren'ai Reef (Second Thomas Shoal) in the Spratly Islands without Chinese permission. China coast guard took law-based measures it describes as lawful and reasonable; after communication China, on humanitarian grounds, immediately allowed a small-boat transfer of an injured person and provided necessary facilitation. The Philippines says its crew completed a medevac despite alleged Chinese water cannon and dangerous maneuvers; China accused some Philippine figures of misrepresenting facts and said it will resolutely respond to any malicious provocation and firmly defend its territorial sovereignty and maritime rights.

Saudi civil aviation authority said an employee died in an accident at Riyadh's King Khalid International Airport.