- Reuters/Kevin Lamarque
Here is what you need to know.
The dollar is getting whacked. The US dollar index trades down 0.54% at 91.16, and has now fallen nearly 11% in 2017.
The 10-year is at its lowest level since the election. The benchmark yield holds at 2.05%, a level it hasn’t seen since the day after President Donald Trump’s election victory.
China’s trade surplus narrows. Exports in US dollar terms grew by 5.5% year-over-year in August while imports surged 13.3%, causing the country’s trade surplus to narrow to $41.99 billion, according to China’s General Administration of Customs.
Japan’s GDP sees a big downward revision. The Japanese economy grew at an annualized rate of 2.5%, down from a previous estimate of 4%, data released by the Cabinet Office showed on Friday.
Equifax says hackers may have exposed personal details of 143 million Americans. Shares fell 6% in after hours trading on Thursday after the breach was revealed.
Equifax executives dumped shares after the hack was discovered. Three senior executives sold almost $2 million worth of stock just days after the breach was discovered, according to Bloomberg’s Anders Melin. Equifax says the employees “had no knowledge” of the breach.
Google is close to buying HTC’s smartphone business. The companies are in the final stages of hammering out a deal, according to a report in a Taiwanese publication. The report does not say how much Google may buy HTC for.
Stock markets around the world are lower. Japan’s Nikkei (-0.63%) lagged in Asia and France’s CAC (-0.33%) leads the losses in Europe. The S&P 500 is set to open lower by 0.14% near 2,462.
Earnings reports trickle out. Kroger reports ahead of the opening bell.
US economic data is light. Wholesale inventories will be released at 10 a.m. ET and consumer credit crosses the wires at 3 p.m. ET.