Markets Are Lower

Good morning!

The US is one day closer to a government shutdown, and markets are lower.

The selling isn’t too dramatic, although it began at about 3 AM ET.

European stocks are lower as well. Germany is down 0.2%. Italy is down 0.1%.

Asian stocks were mixed.

The big themes: The government shutdown/debt ceiling, which have yet to have a real impact on markets. And economic data, which will come hot and heavy next week, with a slew of numbers including non-farm payrolls and various PMI numbers.

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