🚨 Over the past few weeks we've included word count and time to read at the top of our newsletters. Now, we want to hear from you love it or hate it? Click here for love and here for hate. We'll share the results on Monday. (Smart Brevity count: 1,173 words / <5 minutes.)

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Situational awareness:

  • China's top banking and insurance regulator said it plans to further open the banking, securities and insurance sectors, while its vice premier called for more stimulus measures to support the economy. (Reuters)
  • The U.S. budget deficit rose to $738.6 billion for the first 8 months of the fiscal year, a $206 billion increase from a year earlier. (Bloomberg)