US equity futures are firmer with S&P up 0.3%. Asian equity markets are mostly higher, while European markets stay mixed. US 2Y yield down to 3.9% and 10Y down at 4.4%. Dollar softer, gold firmer. WTI crude goes slightly up. Industrial metals mostly higher. China's infrastructure names rallied following start of construction of mega dam project in Tibet worth CNY1.2T ($167.8B). On US and China talks, press highlighted expectations of a Trump-Xi meeting at APEC summit South Korea in late October, if not sooner. Beijing also confirmed top leaders will meet Europe's von der Leyen and Costa on Thursday, meanwhile added it would take countermeasures after EU included Chinese companies and banks in its latest sanctions against Russia as tensions between Beijing and Brussels simmer ahead of the summit.

Companies Mentioned: Carlyle Group, Brookfield Renewable Partners, Microsoft