Mizuho cuts Starbucks PT to $105 from $115.

Precious metals fell broadly. Short-term moves in the USD index and U.S. Treasury yields will dominate price direction; the October Fed meeting and international oil will be the main upstream drivers. Huishang Futures says the pullback is driven by rising Fed rate-hike expectations and concentrated long liquidations: stronger U.S. jobs and inflation data have repriced a higher-for-longer policy path, lifting real yields and the dollar and raising the carrying cost of non-yielding metals. Fading geopolitical risk premia and weaker industrial demand have amplified silver’s decline. Jinrui Futures attributes the rout to a reversal in the macro rate backdrop and trade-driven deleveraging: deteriorating financial conditions set the common downwards direction, while differences in market liquidity, investor structure and industrial demand explain cross-commodity dispersion. After the prior sharp correction, a technical rebound is possible, but any sustained recovery depends on the subsequent paths of U.S. yields and the USD.

市场消息：SpaceX(SPCX.O)正就接入8万个蜂窝站点以建设新网络进行谈判。