SQUAWK BOX, THURSDAY 3RD SEPTEMBER, 2020

The Dow Jones enjoys its best day since mid-July, soaring 450 points on the back of strong U.S. factory orders offsetting weaker-than-expected in private payrolls. In China, the Caixin PMI grows for the fourth straight month in August as the service sector sees a surge in hiring for the first time since January. The French government is set to launch a €100bn virus relief package as Covid-19 cases continue to grow. And in corporate news, German lender Commerzbank has announced it will be ditching EY as its auditor as the fallout from the Wirecard accounting scandal continues.