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Dow Jones and NASDAQ down after investors turned their attention to stricken European banks and talk of a December interest rate rise in the United States.

US financial markets have rallied strongly on the back of positive sentiment around Hillary Clinton's performance in the first Presidential debate, weakening odds of a Trump Presidency.

Dow Jones falls 160 points after investors lose hope of an oil production freeze as OPEC meets in Algeria. NASDAQ, FTSE, Dax; Down, Nikkei, Hang Seng; Up, All Ords; Up.

Finances are soft this morning, driven by offshore markets overnight. Commodity prices are down, with the ASX down by 12 points.