US Futures are Lower After Muted Response to Data

US Futures are lower after muted response to data.  First time claims for unemployment insurance came in at 243K, below the consensus estimate of 252K, as the market rebounded from the hurricane related data points.  The Bureau of Labor Statistics reported that producer prices rose 0.4% in September above the expectations for a 0.2% rise.  Producer prices, ex- food and energy, also came in higher than expected at 0.4% vs. expectations of 0.2%.  The big banks have begun reporting earnings with earnings and revenue beating expectations for both JPM and C.  European shares are mixed as Brexit discussions have come to a halt.  Asian shares closed mostly higher led by the Nikkei 225 touching a 21-year high.

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