The Dow Jones enjoys its best day since mid-July, soaring 450 points on the back of strong U.S. factory orders offsetting weaker-than-expected in private payrolls. In China, the Caixin PMI grows for the fourth straight month in August as the service sector sees a surge in hiring for the first time since January. The French government is set to launch a €100bn virus relief package as Covid-19 cases continue to grow. And in corporate news, German lender Commerzbank has announced it will be ditching EY as its auditor as the fallout from the Wirecard accounting scandal continues.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.