CNBC Daily Open: America sneezes, Europe starts to catch the cold
A disappointing jobs report, a contentious budget, and the risk of an early election keep markets on edge on both sides of the Atlantic.
TL;DR
- The Euro reached a 17-month low against the dollar, influenced by French budget debates and potential early Spanish elections.
- The U.S. jobs report for September showed fewer than expected job additions, leading traders to anticipate no change in Federal Reserve interest rates.
- President Trump is demanding South Korea sign the Alaska LNG deal, threatening to increase charges if they don't.
- Brazil is heading for a presidential election runoff between Senator Flavio Bolsonaro and incumbent Luiz Inacio Lula da Silva.
- Concerns about U.S. government borrowing costs have risen, though experts downplay fears of an imminent fiscal crisis.