On the corporate front, big news this morning comes from mining giant Glencore (GLEN) which has announced fresh plans to cut its $30bn debt pile by a third with a $2.5bn rights issue and dividend cut as well as asset sales. Elsewhere, Tesco (TSCO) is to sell its South Korean operations Homeplus for £4.2bn which goes some way (enough?) to cut £22bn debt-ridden balance sheet and avoid a rights issue after sale price expectations for Dunnhumby data analysis business (Clubcard) were scaled back sharply last month (£700m vs £2bn) following results showing reduced profitability. In focus today, in the absence of any US macro data (Labor Day holiday) and Eurozone data limited to the Sentix Investor Confidence (9.30am; forecast to decline), will be the fallout from Friday's mixed and messy US Jobs report and its impact on the Fed's decision whether to hike rates (it won't in our view) as well as the return to trading (and volatility) by Chinese markets after a 2-day national holiday.