Stock markets around the world continued to retreat overnight. US index futures the FTSE and the DAX are down 0.1%-0.3%. 

There has been a number of data announcements for traders to chew on overnight. China and Germany posted smaller than expected trade surpluses while UK manufacturing production increased more than expected. 

Today brings the latest Canadian employment report. Wednesday's Bank of Canada rate hike indicates a strong economy.  Because of this I am thinking a 20k increase in jobs, more than the 12K the street is expecting.  

The US Dollar continues to trend downward, enabling gold and major currencies like EUR,  GBP, JPY, CAD and others to continue climbing. Even though the budget crunch has been kicked off to December there remains enough uncertainty around the US government and the Fed to keep pressure on the greenback.

Energy prices remain active between hurricanes.  WTI crude oil and natural gas are down 0.3% while gasoline is up 0.3%. Hurricane Irma continues to wreak havoc on the Caribbean and is expected to turn toward Florida this weekend. Drill rig activity due this afternoon may still be distorted by Gulf of Mexico shut-ins from Hurricane Harvey. 

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