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Chinese e-commerce company Alibaba (BABA) was down 2% on Monday morning, easing back after rising on Friday on the back of news that it had completed a three-year regulatory process.

China's State Administration for Market Regulation (SAMR) said Alibaba had completed three years of "rectification," after having fined the business a record $2.75bn in 2021 for monopolistic practices.

The market regulator said it would continue to "guide" Alibaba to "regulate its operations and improve its compliance and quality," according to Reuters.

Alibaba shares have continued to slide since China published draft anti-monopoly rules for internet platforms back in 2020.

Naeem Aslam, chief investment officer at Zaye Capital Markets, said:

The latest PMI data coming out of the manufacturing sector spelt broadly good news for the UK economy in August.

The seasonally adjusted S&P Global UK Manufacturing Purchasing Managers’ Index rose to a 26-month high of 52.5 in August, up from 52.1 in July and unchanged from the earlier flash estimate.

The PMI has now signalled expansion in five out of the past six months (the exception being April).

Four of the PMI components stayed at levels consistent with an improvement in operating performance during August – output, new orders, employment and suppliers' delivery times. In contrast, the stocks of purchases component signalled contraction for the twenty-third consecutive month.

Manufacturers maintained their focuses on improving efficiency, protecting cash flow and reducing costs in August, leading to leaner holdings of pre- and post-production stocks. Supplier performance meanwhile continued to deteriorate, due to the ongoing Red Sea crisis, longer shipment times from China, freight shortages and vendor capacity issues.

The sale of Oasis reunion tickets over the weekend has prompted government action over so-called "dynamic pricing" as fans faced inflated prices for the rare shows taking place next year.

This will go hand in hand with a consultation into ticket resale websites, had already been announced by the government, and will start in the autumn.

Oasis fans queued for hours online on Saturday only to be met with price increases for some tickets — up to as much as £350 from the original £135 when the sale began on Saturday.

Culture secretary Lisa Nandy said the government would look at "issues around the transparency and use of dynamic pricing, including the technology around queuing systems which incentivise it".

Property platform Rightmove (RMV.L) is on the up this morning, with shares jumping around 25% in early trade after a Rupert Murdoch-backed company revealed it was mulling a takeover bid.

REA Group has not yet made the bid, but now, under UK takeover laws it has until the end of September to formally make an offer or walk away.

REA said it sees the potential acquisition as a "transformational opportunity".

It was a mixed day of trade in Asia with Chinese stocks mostly pulling lower and Japan's Nikkei (^N225) ticking upwards slightly.

September is a typically volatile month for markets, and this seems to be no exception, with the Hang Seng (^HSI) finishing the session 1.8% lower and the SSE Composite Index (000001.SS) down 1.1%.

New World Development dipped as much as 14% after the property developer said it expected to post its first annual loss in two decades.

After a whipsaw month of market action, the S&P 500 (^GSPC) logged its fourth-straight winning month to end August.

For the month, the S&P 500 added nearly 2.3% while the Dow Jones Industrial Average (^DJI) added almost 1.8% and sits at all-time high. Meanwhile, the Nasdaq Composite (^IXIC) added more than 0.6%.

US markets will be closed for Labor Day on Monday before attention turns to incoming labor market data set for release throughout the week.

The August jobs report, due out on Friday, will headline economic releases in the week ahead as investors look to see whether the signs of slowing in the July jobs report were overstated or an early warning of a broader slowdown.

Hello from London. Lucy Harley-McKeown here, poised for another day of markets news.

This morning we have the monthly PMI reading, which will give a general read on the health of the economy.

Otherwise traders are looking to US jobs figures and a smattering of earnings later in the week, including from Broadcom (AVGO).

Let's get to it.