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Global stocks are advancing this morning amid optimism of thawing geopolitical tensions, after the US and China announced that they would resume trade negotiations next month.  The risk-on mood among investors was prompted by the announcement that Chinese officials would hold high-level talks with US trade negotiators in Washington in early October, in the latest effort at seeking a resolution to the trade war between the world’s top two economies. The US later confirmed the talks. (FT)

 

Company payrolls surged by 195,000 in August, well above Wall Street estimates and at a time when recession fears have been growing.  Economists surveyed by Dow Jones had been looking for a gain of just 140,000.  August’s payroll growth was the best showing since the 255,000 jobs added in April. (CNBC)

 

Taking advantage of the steep decline in benchmark interest rates, Apple is joining U.S. companies including Deere and Disneyby launching its first bond deal since 2017 and selling $7B of debt. All three companies issued 30-year bonds with yields below 3%, a first for the corporate debt market. High-grade corporate bonds give investors a relatively safe alternative that still pays more than government bonds. (SA)

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Josh Fenili.

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