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US Futures are Higher Despite Weaker Job Growth in October

US Futures are higher despite weaker job growth in October.  The Bureau of Labor Statistics reported that October non-farm payrolls grew by 261K, well  below expectations for a growth of 325k.  While October’s job growth disappointed, August and September’s were revised higher by 39k and 51k, respectively.  The September trade deficit was roughly in line with estimates at -$43.5B.  At 10am, September factory orders and the October ISM Non-Manufacturing index will be released.  European shares are mixed on earnings, with automakers leading to the upside.  Asian shares closed mostly higher on strength in technology stocks as Apple suppliers rallied on earnings.

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