China and Hong Kong buy over 50% of Brazilian beef exports.
Info via reports.
Reuters
More from China, ride-hailing (tech) giant Didi has denied media reports about Beijing municipal government-led investment in the firm. Via Bloomberg news. 

An official at China’s Ministry of Industry and Information Technology warned of risks posed by network security issues such as network attacks and network intrusions. 

Texas in the winter of 2020 might be just a preview
I have been lately about natural gas, that it’s the next commodity story to go mainstream.
writing
warning

Forex news for September 3, 2021:
Markets:
– US 10-year yields up 3 bps to 1.324%
– Gold up $19 to $1828
– WTI crude oil down 72-cents to $69.28
– S&P 500 flat at 4536
If you bet on ADP enough times, eventually you’ll get it right. Not that ther ewas a big dollar move on the jobs report anyway.

S&P and NASDAQ close lower 
The major indices are closing mixed with the Dow and S&P lower, while the NASDAQ close higher and at a another record. The gain in the NASDAQ was the third gain in a row.

USD falls the most vs the NZD
The USD fell versus all the major currencies is weeks with the exception of one…the CHF.
The US dollar fell the most versus the NZD and AUD as those currencies benefited from risk on sentiment, somewhat improving China and expectations that as Covid spread slows, central banks would start to look toward reversing some of the expansionary

WTI crude gives up gains to settle down 70-cents to $69.29
The fundamental story in oil this week is continued outages in the Gulf of Mexico. Generally, platforms come back online quickly after storms but that’s not the case after Ida.

Forex news from the European trading session – 3 September 2021
Headlines:
Markets:
– AUD leads, CHF lags on the day
– European equities mixed; S&P 500 futures up 0.2%

US futures holding at the highs going into payrolls
The market is keeping steady for the most part as we continue to count down to the US non-farm payrolls release later today. US futures are not sensing much fear ahead of the key risk event, keeping near all-time highs in European morning trade.

What to expect from the US jobs report today
This could be one of the more straightforward reports in the sense that a poor reading will cast some doubts about the labour market recovery, reaffirming fears from the ADP employment data on Wednesday, and keep a drag on the dollar.