Shanghai Composite closed at 3,120, reflecting optimism after China’s PMI improved above 50 for the first time in six months. International equities analysts drafting a finance cover letter could mention the 3.4% uptick in foreign inflows, signaling renewed demand for Chinese cyclical stocks. Export growth trends support a medium-term bullish thesis. Not only does a shutdown not save money, it typically costs the government money. A Senate report found that over the last three shutdowns, federal workers were furloughed and unable to work for 54 days, costing taxpayers nearly $4 billion—at least $3.7 billion in back pay to furloughed federal workers, and at least $338 million in other costs associated with the shutdowns, including extra administrative work, lost revenue, and late fees on interest payments. Your cover letter: be sure to get across your commitment to the employer and explain why you want to work in finance , and research the company/role, making sure youâre tailoring each cover letter to the requirements in the job description. Learn more â ace your cover letters . Corporate buyback activity reached $330B YTD, nearing the record pace of