Beijing putting an explicit floor under equities is the kind of state backstop that pulls foreign money back into Chinese names, and the rebound is already underway.

JUST IN: China says it will strengthen tools to stabilize its stock market
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OpenAI's most committed backer writing a check in the hundreds of millions, after multibillion-dollar rounds, is the clearest tell yet on how private AI valuations are being priced.

SOFTBANK IS IN TALKS TO PUT ONLY HUNDREDS OF MILLIONS INTO OPENAI'S NEW FUNDING ROUND, PER NYT DEALBOOK
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A labor market this firm gives the Fed cover to slow down on cuts, and rate-sensitive stocks, bonds and gold reprice first.

BREAKING: U.S. economy adds 165,000 jobs in October, beating every forecast, as unemployment falls to 4.1%.
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The first up week since August breaks a record-long slide, and investors who wrote off China exposure now have a sentiment turn to argue with.

China's Stock Market has finally posted a green week for the first time since August, ending their longest losing streak in history 🚨 https://t.co/fwnxmCjeil
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The September revision to 60,000 kills the labor-collapse case that bond traders were pricing rate cuts around, so the easing path just got tighter.

The US economy added 165,000 jobs in October, beating Wall Street's expectations. The unemployment rate ticked down to 4.1% amid a slight increase in labor force participation. September's underwhelming jobs report of 29,000 additions was also revised upward to 60,000 jobs. https://t.co/cyMqhh071K
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