US Futures are Trading Higher as Economic Data was Mostly In-Line With Estimates

US Futures are trading higher as economic data was mostly in-line with estimates.  The August trade balance showed a deficit of $42.4B vs expectations of a deficit of 42.5B.  Jobless claims for the week of September 30th came in at 260k vs a consensus estimate of 265K.  Factory orders for August will be released at 10 am.  European shares are mixed as the ECB minutes failed to excite the markets.  The ECB minutes stated that while substantial policy support is still needed, conditions are falling into place that may provide the opportunity to scale back net asset purchases.  The ECB debated over a longer time-frame of smaller purchases and a shorter time-frame of larger purchases.  In Asia, shares were mixed for open markets.  China, South Korea and Hong Kong were closed for public holidays.

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