US futures are higher this morning on the back of a better than expected government jobs report. According to the Bureau of Labor, the US added 228,000 jobs last month compared to estimates of 200,000 with the unemployment rate holding steady at 4.1%. On the political front, Congress was able to pass a short term funding bill last night to avoid a government shutdown. Markets in Asia closed higher led by the Nikkei on the back of a weaker yen and better than expected trade data out of China. European markets are trading higher led by the banks after regulators agreed on a deal which is part of the Basel III capital levels. Markets in Europe are also getting a boost from Brexit talks after a few key issues were agreed upon. Later today, we will get data for consumer sentiment and wholesale trade.
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