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Daily Scan: Stocks waver; 6000 inmates go free

By NexChange
Capital Markets

Updated throughout the day

October 6

Good evening. The global markets wavered Tuesday after a series of steady gains. The Dow rose just 0.1% after slight ups and downs throughout the day. The S&P 500 dropped 0.4% and the Nasdaq fell 0.7%. The Stoxx Europe 600 gained 0.6%. The energy sector rallied, and oil was up, creeping close to $49/barrel. In an attempt to placate investors, Glencore disclosed more financial information about its company, but didn't answer many questions.

Here is what else you need to know:

About 6,000 inmates to go free. The US federal Bureau of Prisons will give earl release to about 6,000 inmates beginning this month. The largest release in the prison bureau's history will benefit drug offenders given harsh sentences that are no longer in effect. Thousands more could be freed. The releases are not automatic, and are being considered on a case by case basis. About one-third of the 6,000 inmates are not US nationals and will be turned over to immigration officials. CNN

Europe-US data transfer shutdown. The highest EU court ruled that the Safe Harbour system that allows them to transfer data between the US and Europe is invalid. Data transferred between international offices includes HR information, payroll, and online advertising data. The court says that Safe Harbour doesn't protect EU citizen's personal information, as the US national security laws can trump the privacy safeguards in the system. Reuters

Women in ISIS slavery commit suicide to escape. Maybe hundreds of captured women, including the Yazidi Iraqi minority, are killing themselves to escape ISIS. ISIS claims that the Quaran justifies taking non-Muslim women into slavery and allows their rape. Thousands of Yazidis women and girls were captured and the men murdered when ISIS took captured Mosul. CNN

Ex-UN General Assembly president nailed for bribery. U.S. authorities have charged John Ashe, UN ambassador from Antigua and Barbuda, with taking more than $1.3 million in bribes from Chinese businessmen. Five others involved in the alleged bribery have been arrested. Reuters

BP in $20b settlement over fatal US oil spillage. Oil giant BP has agreed to pay $20 billion to settle claims with the US stemming from the company's Deepwater Horizon oil spill. An explosion on BP's deep-water drill, off the coast of Louisiana in 2010 killed 11 workers. Millions of barrels of oil were spilled into the surrounding waters. BBC

Hong Kong uni protests over academic freedoms. Around 2,000 protesters at Hong Kong University marched Tuesday to support academic freedom as fears grow that Beijing is interfering in the city's education system. Channel News Asia
NATO denounces Russian incursion into Turkish airspace. The U.S. and NATO denounced have Russia for violating Turkish airspace along its frontier with Syria, and Ankara threatened to respond if provoked again, raising the prospect of direct confrontation between the

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