Service PMI Reports and OPEC+ Meeting In Focus

With the US Government still shut down, there is no Nonfarm Payrolls report today. Service PMI reports have been rolling out overnight. Australia and Japan were better than expected, Europe has been a mixed bag. US ISM Service PMI (street 51.7) is due at 10:00 am EDT.

Equity markets are mixed heading toward the weekend. US index futures are up 0.1%-0.2%. Overseas, the Dax is down 0.3%, the FTSE is up 0.5%, the Nikkei rallied 1.8% and the Hang Seng slipped 0.5%.

Crude Oil is up 0.5% and holding above $60.00/bbl today as traders await the results of Sunday’s OPEC+ meeting amid conflicting rumors over how large or small an increase may be. Natural gas is down 2.6% amid warm early autumn weather

Metals are climbing this morning with Copper up 1.3%, Silver up 2.8%, and Gold up 0.6% as the US Dollar trades flat to down 0.2% against the Euro, Loonie, and other majors.   

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