Nike shares tumble after signalling downgrade to outlook
Presidential debate: American voters will be tuning in to watch Joe Biden and Donald Trump go head-to-head in the first presidential debate ahead of November’s election. The showdown will be hosted in Georgia, Atlanta, by CNN, and is a vital chance for both candidates to win hearts and minds in what polls suggest is a tight race.
You can follow the FT’s coverage of the night on the election live blog.
Nike: The US sportswear giant, which is experiencing its worst sales slowdown in decades, will report fourth-quarter and full-year earnings after market close. Investors will be watching to see whether the company has come up with a strategy to regain ground from competitors such as Hoka.
US GDP: Economists polled by Reuters expect the final estimate for first quarter economic growth to remain unchanged at 1.3 per cent.
Other economic data: Orders for durable goods — including washing machines and aircraft — are forecast to have decreased 0.1 per cent on a monthly basis in May after rising 0.6 per cent in April. New applications for US unemployment aid are forecast to have decreased to 236,000 in the week ended June 22, compared with 238,000 in the prior week.
Other earnings: Pharmacy chain Walgreens Boots Alliance, which in March warned of a “challenging retail environment” in the US, will report third-quarter earnings before the opening bell.
