What's Happening Today:
- Following a positive tone in Asia and a mixed start to the European session, the U.S.-based equity futures are pointing to a mixed open. The topic of the morning is the impending job data at 8:30 AM ET. Among the figures that will be closely watched, the non-farm payrolls and average hourly earnings are important indicators for the general consensus. The most recent hurricanes in the U.S. are anticipated to have an impact on the overall headlines figures. Economists will continue to look for signs of inflation and slack in U.S.-based employment.
- On the roster for today's trading is the continued barrage of Fed speakers providing a looking glass into the FOMC thought process and a perspective on the rate hike schedule into 2018 and the scheduled balance sheet reduction schedule that was announced at the last FOMC meeting.
- The Baker Hughes Rig count this afternoon will continue to provide vital information on the U.S. production and supply details in the energy markets. Most recent Crude Oil volatility has provides some excitement with respect to the directional bias of the commodity.