S&P futures are indicating a higher open today, up +0.45% following mixed trading in Asian markets. European equity markets are edging higher in early trades. In today's macro news, China is intensifying its crackdown on a bond market surge, instructing rural banks in Jiangxi not to settle recent China Government Bond purchases. At least four Chinese brokerages have reduced CGB trading. The benchmark 10-year yield rose to about 2.25% from an all-time low of 2.12% earlier in August. Meanwhile, stock trading volumes in Mainland China hit four-year lows, with pessimism potentially near trough levels. Trading volume in Hong Kong also fell to its lowest since February, following recent optimism over a potential rotation from Japanese to Chinese stocks due to attractive valuations.
Companies Mentioned: General Motors (NYSE:GM), Albemarle, Apple (NASDAQ:AAPL)