Financial and Commodity Previews and Analysis

Key news today includes: (1) Oct non-farm payrolls (expected +200,000, Sep +134,000) and Oct unemployment rate (expected unch at 3.7%, Sep -0.2 to 3.7%), (2) Oct avg hourly earnings (expected +0.2% m/m and +3.1% y/y, Sep +0.3% m/m and +2.8% y/y), (3) Sep trade balance (expected -$53.6 billion, Aug -$53.2 billion), (4) Sep factory orders (expected +0.5% m/m, Aug +2.3% and +0.1% ex transportation).