CNBC Daily Open: Lower rates might hurt banks

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

Unsteady markets
U.S. markets were mixed on Tuesday. The S&P 500 and Nasdaq Composite rose, buoyed by Oracle's 10% surge, while the Dow slipped. Asia-Pacific stocks fell Wednesday. Japan's Nikkei 225 lost around 1.4%, extending its seven-day losing streak. The Japanese yen strengthened to 141.17 against the U.S. dollar, its highest this year.

First Harris-Trump debate
In their first face-to-face meeting, Vice President Kamala Harris met former President Donald Trump for their first — and perhaps only – presidential debate. On the economic front, both candidates clashed over tariffs, fracking and China policy. After the debate, Taylor Swift endorsed Harris on Instagram, and signed off her post as "Childless Cat Lady."

Tough environment for European companies
China's environment for businesses is so thorny that European companies have grown discouraged with operating in the country, according to the EU Chamber of Commerce. If European companies were to invest in China further, Beijing must act on its pledges to improve the business conditions, the chamber's paper wrote.

Big price reports
The U.S. consumer price index for August comes out later today, while the producer price index, which measures prices at the wholesale level, will be released a day later. They're the last major economic data the Federal Reserve will receive — and hence influence its decision on the size of cuts — before its meeting next week.

[PRO] U.S.-listed global stocks
With the outlook for the U.S. economy looking uncertain,