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10 things you need to know before the opening bell

Sep 8, 2017, 16:06 IST

U.S. President Donald Trump (L) shakes hands with Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah during a joint news conference in the East Room of the White House in WashingtonReuters/Kevin Lamarque

Here is what you need to know.

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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.

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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. None of the sales appear to be part of pre-scheduled trading plans.

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.

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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.

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