US Futures are Higher as Volatility Remains Low

US Futures are higher as volatility remains low.  Equity markets are open today but bond markets are closed in observation of Columbus Day.  This week will kick off earnings season with some of the largest banks set to report earnings on Thursday and Friday.  European shares are mixed after the ECB stress test results showed European banks are managing interest rate risk well.  Asian shares closed mostly higher despite a lower than expected Caixin services PMI in China.

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