Stocks cut gains in the final hour after Mnuchin-Pelosi meeting doesn’t result in deal yet; European markets close mixed as U.S. president debate weighs on sentiment; BELELX15 up 0.75%; Industrial output in August up 4.2% y/y 
U.S. stocks pared strong gains in the final hour of Wednesday’s volatile trading after stimulus talks in Washington once again yielded no deal. The Dow Jones Industrial Average last traded up 200 points, or 0.7%, after jumping 550 points at its session high. The S&P 500 gained 0.4%, while the tech-heavy Nasdaq Composite climbed 0.3%. 
Sentiment was helped by better-than-expected economic data. ADP’s monthly private-sector jobs count showed growth of 749,000 in September, ahead of the 600,000 expected from a Dow Jones economist survey. Meanwhile, pending home sales soared 8.8% in August, marking its highest pace on record, according to the National Association of Realtors survey. 
Disney shares lost more than 1% after the company said it would lay off 28,000 people in its theme parks division.

 
European stocks closed slightly higher on Wednesday as investors reacted to the U.S. presidential debate, and gauged the investment landscape amid the coronavirus crisis. The pan-European Stoxx 600 provisionally marginally in positive territory, having fluctuated since the open, with banks adding over 1%, while industrials slipped 0.5%. 
In terms of individual share price movement, Suez climbed 5.1% by early afternoon trade after Veolia upped its bid for a stake in the French utility company to $4 billion. 

BELELX15 was up 0.75% as NIS added 2.67%, while Belgrade Airport gained 1.64%. The most active name was Philip Morris, with RSD 1.5m in volume, followed by NIS which generated RSD 1.2m. 
According to SORS data, industrial production increased by 4.2% y-o-y in August, reflecting output growth in all sectors. Manufacturing rose by 3.0% y-o-y, receiving the greatest impetus from metal products, electrical equipment and chemical and pharmaceutical industry. In addition, y-o-y output growth in August was also recorded in the sectors of energy and mining (11.2% and 1.8%, respectively). 
Source: CNBC, Ilirika