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Futures Rise On Government Funding Deal; Most Global Markets Closed For Holiday

Futures Rise On Government Funding Deal; Most Global Markets Closed For Holiday

With much of Europe and Asia, including the U.K., France, Germany and China markets closed for Labor Day, Asian stocks and the dollar rose buoyed by news that Congress had reached a deal to keep the US government funded through the end of September. S&P futures are up 4 points or 0.2%. Oil declined as rigs targeting crude in the U.S. rose for a fifteenth week and output from Libya rebounded.

Trump On Election Hacking: "Could Have Been China"

One day after his "100 Day" rally in Harrisburg, president Trump "Faced the nation" on CBS, and suggested that China may have hacked the emails of prominent Democrats to meddle with the 2016 presidential election, countering the view of U.S. intelligence officials who have said Moscow is behind the hacks (that said, there have hardly been any new WaPo and NYT reports on the issue since Trump launched his Syrian attack).

Trump first made the allegation on the eve of the Nov. 8 presidential election, when he said that China could have hacked the emails of his rivals.

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