US Futures are lower following the release of September’s non-farm payroll data. September payrolls dropped by 33K, below the expectations of an increase of 80K. The hurricanes had a significant impact on these numbers so too much weight shouldn’t be placed on this one month of data. July and August non-farm payrolls were also revised lower by a combined 55K. Rates rose across the board on the higher than expected rise in average hourly earnings of 0.5%, above the consensus of 0.3%. Speculation that the Fed will raise rates in December gained traction. The unemployment rate fell to 4.2% from 4.4%. European shares were mostly unchanged as the markets absorb the US data and currency fluctuations. Asian markets closed higher on signs of global economic strength.