Overnight

Monday overnight started off down for many markets. Last week it was about two central banks, Bank of Japan and the Federal  Reserve while this week's highlight will most probably be the first Presidential debate. There are three schedules presidential and one vice presidential debates on tap all toll. So investors will have some distractions from their usual routines.

Asia markets opened lower on Monday, with sentiment this week likely to be dominated by the first U.S. presidential debate, as well as an upcoming informal meeting of OPEC producers.

In Australia, the ASX 200 was down 0.43 percent in early trade, with most sectors trading lower. The energy sector was down 0.77 percent, materials was lower by 0.6 percent and the heavily-weighted financial sector fell 0.27 percent.

Major banking stocks in the country were slightly lower, with ANZ down 0.33 percent, Commonwealth Bank of Australia off 0.16 percent,Westpac down 0.16 percent and the National Australia Bank dropping 0.25 percent. Japan's Nikkei 225 was down 0.59 percent, while across the Korean Strait, the Kospi dropped 0.18 percent."Asia Pacific investors are bracing for a sell day, after European and U.S. traders took some hard-won risk off the table," said Michael McCarthy, chief market strategist at CMC Markets.

In the currency market the dollar index traded at 95.477 against a basket of currencies off from the 96.00 it hit briefly last week before the Fed's new holding pattern announcement. The yen hit 100.75 not fat off levels reached at 100.00 last week.