[Music] good morning I'm Peter Milos from the finance News Network Global markets were muted on Monday with the US markets closed in observance of Labor Day Traders are bracing for the arrival of jobs data later in the week which were expected to help determine how the Federal Reserve goes without cutting interest rates however Futures tied to indexes were trading Dow Jones Industrial Average futures were down 0.1% while the S&P 500 and the NASDAQ 100 Futures were broadly flat the data for the week will be the US jobs report chew out on Friday which is expected to play a large part in whether the Federal Reserve Cuts its Benchmark rate by a quarter percentage point or a half point at its policy meeting in September European stocks overnight were largely flat on the first trading day of September as investors weighed The Market Outlook the pan European stock 600 closed slightly lower down 0.04% with varying performances across Regional borses and sectors retail stocks ended day 0.77% lower while telecoms gained 0.78% turning to Asia Hong Kong's hang sang index was down 1.7% Chinese economic data released over the weekend pointed to a fourth straight month of contraction in the manufacturing sector shares of the real estate listings company right move surged by 27% after its Australian competitor Raa group announced it was considering a bid for the UK based platform and looking at the Spy Futures they are trading flat thank you for listening