Global markets took a pause at the end of the longest U.S government shutdown on record, with markets turning to the resumption of economic data to gauge the interest-rate outlook.

Wall Street futures were muted after the Dow Jones Industrial Average ended yesterday’s session above 48,000 for the first time. Dow futures were up 0.08 per cent, S&P futures slipped 0.07 per cent and Nasdaq futures were 0.09 per cent lower as of 6 a.m. ET.

TSX futures were in positive territory after Canada’s main stock index closed at a record high yesterday.

In Canada, investors are getting results from Brookfield Corp., Hydro One Ltd., South Bow Corp., AtkinsRéalis Group Inc., Stantec Inc., CES Energy Solutions Corp., Discovery Silver Corp.

On Wall Street, markets are watching earnings from Walt Disney Co., Applied Materials Inc. and Siemens ADR.

Delayed data will likely trickle out next week, economists expect, and the focus is on whether it will back up private surveys that have shown softness in the job market.

“One of the arguments now is with reopening, we should get a lot of data coming through that will give more clarity for [Federal Reserve chairman Jerome] Powell to say: ‘I’m cutting rates because of this,’” said Damian Rooney, director of institutional sales at Perth-based stockbroker Argonaut.

Overseas, the pan-European STOXX 600 was up 0.05 per cent in morning trading. Britain’s FTSE 100 slid 0.47 per cent, Germany’s DAX gave back 0.46 per cent and France’s CAC 40 rose 0.65 per cent.

In Asia, Japan’s Nikkei closed 0.43 per cent higher, while Hong Kong’s Hang Seng rose 0.56 per cent.

Oil prices reversed course higher after yesterday’s losses amid a report showing rising crude inventories in the U.S.. which fuelled concerns that the global supply is more than sufficient to meet current fuel demand.

Brent crude futures climbed 0.51 per cent to US$63.03 a barrel after dropping 3.8 per cent in the previous session. West Texas Intermediate (WTI) crude rose 0.5 per cent to US$58.81 a barrel, extending a 4.2-per-cent decline on Wednesday.

“Recent [price] weakness seems to be driven by OPEC’s revision of supply-demand balance in 2026 in its monthly report, which confirms the group is now acknowledging the possibility of a supply glut in 2026, in contrast to its more bullish stance all along,” said Suvro Sarkar, DBS Bank’s energy sector team lead.

“This falls in place with the recent decision to pause the unwinding of voluntary production cuts in 1Q. Given that this is just a shift to a more realistic reading of the market, it doesn’t change fundamentals, hence the market reaction seems overdone.”

In other commodities, spot gold gained 0.9 per cent at US$4,235.56 an ounce, its highest since Oct. 21. U.S. gold futures for December delivery rose 0.6 per cent to US$4,240.10 an ounce.

The Canadian dollar strengthened against its U.S. counterpart.

The day range on the loonie was 71.33 US cents to 71.51 US cents in early trading. The Canadian dollar was up about 0.45 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, declined 0.21 per cent to 99.29.

The euro gained 0.23 per cent to US$1.1621. The British pound advanced 0.19 per cent to US$1.3158.

In bonds, the yield on the U.S. 10-year note was last up at 4.093 per cent.

*Note: Scheduled U.S. data reports may not be released as the government was set to reopen, but some federal services may be slow to return.

Euro zone industrial production.

U.K. GDP, services index, industrial and manufacturing production

8:30 a.m. ET: U.S. initial jobless claims for week of Nov. 8.

8:30 a.m. ET: U.S. CPI for October. The Street expects a rise of 0.2 per cent from September and up 3.1 per cent year-over-year.

2 p.m. ET: U.S. budget balance for October.

With Reuters and The Canadian Press