Soon. Hopefully. Maybe?

Euro tagged 1.1997 overnight. Currently sitting at 1.1990.

Just like supporting Arsenal, it's the hope that kills you...

A mixed overnight session to start the month.

ASX was down by 2%, recovering slightly to -1.5%.
Nikkei flat.
KOSPI +0.9%

EWS -1%

European markets are set for a positive open.

Overnight PMI's continued to show improvements.

New export orders increasing in China is a positive sign for global demand and the overall increase in production should lead to an increase in employment over time.

South Korea's exports contracted by 9.9% YoY, beating expectations of an 11.5% contraction.

(3rd LD) Export slump extends to 6th month; chips cushion virus fallout | Yonhap News Agency
(ATTN: ADDS details throughout, photo)By Kang Yoon-seung SEOUL, Sept. 1 (Yonhap) -- Sout...

Overall, there's an ongoing theme of gradual improvement, but still a long way to go to return to previous levels of activity.

Snapshot of the overnight data

The RBA decision was as expected.

They increased the size of the term funding facility, and extended the cut off date until June 2021.  

Full statement here;

Statement by Philip Lowe, Governor: Monetary Policy Decision | Media Releases
At its meeting today, the Board decided to maintain the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.

The stimulus sage will continue to rumble on...

There may be a new bill introduced.

U.S. Senate’s McConnell eyes revamped coronavirus relief bill, Mnuchin tells Fox Business
The Trump administration and Senate Republicans have been in regular contact over possible coronavirus relief measures and the Senate’s top Republican will “hopefully” unveil a new bill next week, Treasury Secretary Steven Mnuchin said on Monday.

This state funding issue has been the main sticking point since day one.

Meadows has already said that

...he is not optimistic about reaching a new coronavirus relief deal before the end of September, predicting House Speaker Nancy Pelosi will use the government funding cliff at the end of next month as leverage to strike a deal on pandemic aid.

So, we might be in for another month of this, although it is possible that they decide to agree something before the deadline hits.

Right, let's see what today has in store for us...

Wake me up when September.... begins
Summer markets are officially coming to an end today.September begins with a busy calendar.