Wall Street futures fell and global markets were mixed as investors assessed a U.S. government shutdown that was set to delay the release of key jobs data.

TSX futures were down.

In Canada, investors are getting results from NovaGold Resources Inc.

On Wall Street, markets are watching earnings from Acuity Brands Inc. and RPM International Inc.

U.S. government operations shut down at midnight after Congress and the White House failed to reach a funding deal.

With no clear path out of the impasse, agencies warned the shutdown would halt the release of a closely watched September employment report and lead to the furlough of 750,000 federal workers at a daily cost of US$400-million.

U.S. futures wobbled on the news, but analysts said the shutdown may not be overly impactful on markets, aside from the blackout in federal data that could leave investors in the dark about the state of the economy and by extension, the Federal Reserve’s interest rate path.

“The shutdown ought not to have any major effect on markets,” said Lars Skovgaard, senior investment strategist at Danske Bank.

“I wouldn’t rule out that it can add some jitters but you shouldn’t be worried about it. We’re not.”

Kyle Rodda, a senior analyst at Capital.com, also highlighted the risk that “U.S. President Trump has also threatened to permanently lay off workers, which could turn the shutdown into a mini-labor market shock.”

Overseas, the pan-European STOXX 600 was up 0.57 per cent in morning trading. Britain’s FTSE 100 rose 0.69 per cent, Germany’s DAX gained 0.4 per cent and France’s CAC 40 rose 0.3 per cent.

In Asia, Japan’s Nikkei closed 0.85 per cent lower, while Hong Kong’s Hang Seng was up 0.87 per cent. Chinese markets were closed for a public holiday.

Oil prices were up as investors weighed potential OPEC+ plans for a larger output hike next month against the prospect of shrinking inventories in the U.S.

Brent crude futures for December delivery rose 6 US cents to US$66.09 a barrel. West Texas Intermediate crude gained 4 US cents to US$62.41 a barrel.

“After two days of sell-off, triggered by reports of OPEC+ hike and the resumption of Kurdish oil export, focus is shifting back to the supply and export disruption in Russia due to continuous and successful Ukrainian assaults,” said PVM Oil Associates analyst Tamas Varga.

In other commodities, spot gold climbed 0.9 per cent at US$3,891.96 per ounce, after hitting an all-time high of US$3,895.09 earlier in the session.

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

The day range on the loonie was 71.76 US cents to 71.91 US cents in early trading. The Canadian dollar was down about 0.95 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, lost 0.03 per cent to 97.76.

“On the currency front, the US dollar tends to weaken when the government shuts down. Limited dollar appetite and a softer DXY come as no surprise today,” said Swissquote Bank analyst Ipek Ozkardeskaya.

The euro lost 0.04 per cent to US$1.173. The British pound rose 0.13 per cent to US$1.3463.

In bonds, the yield on the U.S. 10-year note was last up at 4.156 per cent.

China’s Golden Week begins (markets closed through Oct. 8)

Japan manufacturing PMI

Euro zone CPI and manufacturing PMI

(9:30 a.m. ET) Canada’s S&P Global Manufacturing PMI for September.

(1:30 p.m. ET) Bank of Canada’s summary of deliberations from Sep. 17 meeting are released.

(2:05 p.m. ET) Bank of Canada Senior Deputy Governor Carolyn Rogers holds fireside chat in Ottawa.

Also: U.S. and Canadian auto sales for September expected.

With Reuters and The Canadian Press