Yesterday afternoon's rally in North America worked its way through world markets overnight with the ‎FTSE and Australia gaining 1.0% and the Dax rising 0.7%. A selloff in JPY following a poor retail sales report sent the Nikkei up 1.3%. US index futures are flat this morning consolidating Wednesday's late gains. ‎The energy sector had been the top performed and mainly responsible for the advance. WTI is down 0.5% this morning on a combination of enthusiasm over the OPEC deal fading with key details like production quotas for each country still to be negotiated, and profit-taking against the news. The lack of follow through has caused a correction in CAD already overnight and could drag on energy stocks today. Today brings another update of Q2 US GDP and another flurry of Fed speakers. With Q3 nearly over and the Fed unlikely to move until December after the US election, it would take a pretty major surprise to move the markets. Corporate News There have been no major corporate announcements this morning Economic News Japan retail sales (2.1%) vs street (1.7%) Germany unemployment chnge 1K vs street (5K) Germany unemployment rate 6.1% unchanged as expected Germany consumer prices 0.7% vs street 0.6% vs previous 0.4% Upcoming significant economic announcements include: 8:30 am EDT US advance goods trade balnce street ($62.2B) vs previous ($59.3B) 8:30 am EDT US Q2 GDP update street 1.3% vs previous 1.1% 8:30 am EDT US Q2 personal consumption street 4.4% 8:30 am EDT US Q2 core PCE inflation street 1.8% 8:30 am EDT US jobless claims street 260K 10:00 am EDT US pending home sales street 2.6% 10:30 am EDT US natural gas street 55 BCF 8:50 am EDT FOMC Lockhart speaking 10:00 am EDT FOMC Powell speaking 2:00 pm EDT FOMC Kashkari speaking 4:00 pm EDT FOMC Yellen speaking