After negotiating around the clock this weekend, the U.S. and Canada have agreed on a trade deal that would save the North American Free Trade Agreement as a trilateral bloc, according to sources. President Trump has said he wants to rename the deal the U.S.-Mexico-Canada agreement.
Meanwhile in Asian markets, stocks in the region kicked off the final quarter in muted fashion. Volumes were below normal in a number of markets, with Labor Day in Australia, Hong Kong shut and China out through Oct. 7. U.S. equity futures and the Canadian dollar advanced on reports of the trade deal.
Elsewhere:
– The U.S. dollar is trading around a two-week high.
– Tesla shares will be in focus after Musk reached an agreement with the SEC.
– WTI crude rises 0.4% to $73.52 a barrel.