Good morning. U.S. stocks were down 0.4% yesterday. Here are the top feeds on the market:
1. China's Top Negotiator ‘Cautiously Optimistic’ About Reaching Trade Deal
China’s chief trade negotiator indicated he was 「cautiously optimistic」 about reaching a phase one deal with the U.S., as two titans of American diplomacy in Asia warned of the dangers of escalating the tariff war.
2. OECD Warns That QE Only Deepens Pain of Negative Interest Rates
「In the euro area, banks’ payments on excess reserves will gradually increase over time if net monthly asset purchases by the ECB of 20 billion euros ($22 billion) per month translate proportionally to higher excess reserves,」 the OECD said in its economic outlook report published Thursday.
3. Artgo Holdings crashed 98% in a morning
After index compiler MSCI dropped plans to include the Hong Kong-listed company, this marble-mining company shed $5.7 billion of market value. It came a day after The Wall Street Journal published a column highlighting ArtGo shares’ nearly 40-fold increase in 2019.
Source: Wall Street Journal
4. Schwab in talks to buy TD Ameritrade
The potential deal between Schwab and TD Ameritrade comes as Schwab began offering clients free trading on equities, exchange-traded funds and options on Oct. 7, igniting a furious race to the bottom on fees for some of the nation’s most prominent discount brokers.
Source: MarketWatch
TD Ameritrade surged 25.23% while Charles Schwab increased about 13.41%.
Market Snapshot
Source: Bloomberg
Contracts on the S&P 500 Index steadied after reports that China's chief trade negotiator said he was 「cautiously optimistic」 about reaching a phase-one trade deal with the U.S. They had fallen earlier with Asia shares on word that President Donald Trump may sign legislation backing Hong Kong protesters, potentially setting up further conflict between the superpowers.
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早上好。美国股市昨天下跌了0.4%。以下是市场上最热门的订阅源：
1.中国首席谈判代表对达成贸易协议持谨慎乐观态度
中国首席贸易谈判代表表示，他对与美国达成第一阶段协议持“谨慎乐观”的态度。与此同时，两位美国在亚洲的外交巨头警告称，关税战升级的危险。
2.经合组织警告称，量化宽松只会加深负利率的痛苦
经合组织在周四发布的经济展望报告中表示：“在欧元区，如果欧洲央行每月净购买200亿欧元(220亿美元)的资产按比例转化为更高的超额准备金，那么银行对超额准备金的支付将随着时间的推移而逐渐增加。”
3.ARTGO Holdings在一个上午暴跌98%
在指数编制公司MSCI放弃纳入香港上市公司的计划后，这家大理石开采公司的市值缩水57亿美元。此前一天，“华尔街日报”(Wall Street Journal)发表了一篇专栏文章，重点介绍了ARTGO的股价在2019年上涨了近40倍。
消息来源：“华尔街日报”
4.施瓦布在收购TD ameritrade的谈判中
在Schwab与TD ameritrade达成这笔潜在交易之际，Schwab从10月7日开始向客户提供股票、交易所交易基金(ETF)和期权的自由交易，引发了美国一些最著名的折扣经纪商在收费方面的激烈竞争。
消息来源：MarketWatch
TD ameritrade上涨25.23%，嘉信理财上涨约13.41%。
市场快照
来源：彭博社
标准普尔500指数(S&P 500 Index)的合约持稳，此前有报道称，中国首席贸易谈判代表表示，他对与美国达成第一阶段贸易协议“持谨慎乐观态度”。早些时候，由于有消息称，唐纳德·特朗普(Donald Trump)总统可能签署支持香港抗议者的法律，导致亚洲股市下跌，这可能会在这两个超级大国之间引发进一步冲突。
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