Japans ruling party gets set to pick a new leader. The next Prime Ministers have a tough task of leading the nation after the pandemic. Shery lets get you started with a quick check of how markets are trading. U. S. Futures up. 4 . This of course after tapping the worst week since march. We continue to see the selloff and idiosyncratic news. Softbank changing options Investment Strategy leading to selling picking up any friday session. Not to mention the tech stock reversed gains after china said it opposes a fourth sale of tiktok. We have the nasdaq composite really under pressure in the u. S. Session on friday, down. 6 . Take a look at what oil is doing because we are coming off of its back its worst back to back weeks since april. Nothing on oil prices, tomention concern about opecs production compliance. Wti at the moment at around 37 a barrel, gaining about. 5 . Lets get a quick check of our asia of how asia is setting up. Sophie we are nearing the halfway mark for september and t
dubai. we had record highs on wall street late friday and all that positive momentum is carrying into the european equities story, as well as into u.s. equities. the s&p 500 mainly. you are looking at lighter liquidity in london markets, which are closed for the holidays. bloomberg commodity index is another highlight as you try to craft the narrative for the coming hours, extending a rally after hitting the highest since 2018. most of it has to do with the ailing dollar. that is what they have in common. u.s. 10 year yields, drifting low were. drifting lower. it is the end little bit weaker after traders are on long positions prompted by news that the prime minister is going to be resigning. let s get you some of the other stories we are watching. the bloomberg first word news with leigh-ann gerrans. saw then: this weekend third death in less than a week amid racial equality protests. a man was shot to death in portland, oregon on saturday night, a supporter of a right-win
We had these purchasing managers indices out of china. Gauge, fiveyear highs the unofficial passion days,n manufacture slipping to 51. 6. The prithe deficit that has from the official one. We have some of these large firms distorting things. Large firms are feeling bullish. So. L firms less tailored toa move shore up the economy. Pboc announcing it will reduce the amount of cash the banks must hold in reserve. The economy where it has been scarce. Its not the only pmis we have had. The few places in asisa, asia, the markets are trading. Most closed for a public holiday. Pmi in japan. Haidi we had the pmi data from the nikkei business morning. We had japanese stocks building on gains. Boding well for corporate warnings in Japan Corporate earnings in japan. We we ending higher and sellingng for seleign for chinese stock g for ringgit stocks down. Is sliding except for the hong kong dollar. They could be under pressure given the retreat we are seeing in oil. Falling after setting the two