There are some indicators of progress on the US authorities shutdown and I am optimistic it can finish on the weekend however for now we wait. That signifies that a second non-farm payrolls report goes to be missed, leaving the Fed and markets with an enormous blind spot at a vital time.
S&P 500 futures are down 0.5% as tech shares wrestle. A part of that could be a report saying the US is obstructing chip exports to China. The rally in NVDA late final month was no less than partly on account of studies that the Trump admin would drop some chip-selling restrictions. NVDA is down 1.3% within the pre-market.
The spotlight on the financial calendar right now is the Canadian jobs report, which is prone to present a hangover from the +60.4K studying final month. The consensus is -2.5K with unemployment regular at 7.1%.
Later, we get the November US client sentiment report from The Convention Board.
