China rally in global markets

While the US markets are closed for the holiday in global markets, the rally in Chinese real estate stocks is creating a positive atmosphere in Asia Pacific. The thought that the Fed's interest rate hikes may be coming to an end and the rally in Chinese real estate stocks are creating a positive atmosphere in Asia Pacific. The performance of Chinese stocks is accompanied by the Japanese Topix with a 0.7 percent increase and the South Korean Kospi with a 0.4 percent increase. Futures are flat on the S&P 500 index, which closed last week with its best weekly performance since June. US markets will be closed today for Labor Day. The Bloomberg Dollar Index is falling 0.1 percent in the morning hours. US crude oil, which closed last week at its highest level since November due to OPEC+ supply cuts, is finding buyers at $85.6 per barrel. Brent is flat at $88.5. Today, inflation data will be released in Turkey, along with the Erdoğan-Putin meeting to be held in Sochi, Russia. ECB President Christine Lagarde will speak at the European Economics & Financial Centre event at 16:30.