Flash News

TREE NEWS update: US President Donald Trump said on September 4 that special envoy Steve Witkoff and Jared Kushner will present a plan to Russia to end the Russia-Ukraine conflict. Sources said the two are planning to visit Russia and Ukraine soon.

TREE NEWS reports: The onshore yuan (CNY) closed at 6.7108 per dollar at 03:00 Beijing time, up 70 pips from Thursday’s night session close. Volume reached $35.89 billion.

TREE NEWS reports: The Hang Seng Index main night trading session closed up 0.04% at 25,677 points. The Hang Seng Tech Index main night session fell 0.04% to 4,572 points.

TREE NEWS reports: WTI crude for October delivery settled at $91.48 per barrel on NYMEX. October natural gas futures closed at $2.9750 per million Btu, while gasoline futures settled at $3.2146 per gallon and heating oil at $4.5402 per gallon.

TREE NEWS reports: Shanghai International Energy Exchange crude oil futures for October 2026 contract closed night trading up 1.11% at 690.70 yuan per barrel. Meanwhile, Shanghai gold futures fell 1.32% and silver futures fell 1.46% in night trading.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva said that if the United States does not purchase Brazilian products, he will seek other buyers. His remarks signal a potential shift in trade relations amid ongoing tariff tensions. Lula emphasized Brazil’s ability to diversify its export markets.

TREE NEWS update: President Trump announced he will sign an executive order allowing ranchers to process and sell beef directly to consumers, bypassing large meatpackers he accused of monopolizing the industry. He said the administration will simplify health and safety regulations for the meat industry and implement strong safety checks. Trump also said he will sign an order permitting ranchers to protect cattle from Mexican gray wolves.

TREE NEWS reports: The Trump administration is drafting a post-war strategy centered on regional powers to contain Iran and promote Israel’s normalization with neighbors. The plan, in early stages, aims to guide US Middle East policy after an Iran war and through Trump’s final two years. Key constraints include Israel’s October 27 election and November US midterms.

TREE NEWS reports: Speculators raised net long positions in ICE Brent crude oil futures by 37,837 contracts to 261,435 contracts in the week to September 1, marking a 14-week high. Meanwhile, net long Robusta coffee positions fell to a 12-week low, and net short London cocoa positions dropped to a 7-week low.

TREE NEWS reports: On Friday, September 4, the Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw usage of $675 million, down from $702 million the previous trading day, with two counterparties participating. The decline reflects continued low demand for the Fed’s liquidity absorption tool.

TREE NEWS update: US Energy Secretary Wright said energy is the key driver for improving Venezuela’s situation. He expressed honor in witnessing multiple energy agreements that will replace past conflicts with current and future economic and trade exchanges.

TREE NEWS reports: The total number of active drilling rigs in the US stood at 588 for the week ending Sep 4, unchanged from the previous week. The figure reflects stability in domestic drilling activity amid ongoing market conditions.

TREE NEWS reports: International copper gained 0.24% in night trading, with Shanghai copper up 0.16%. Shanghai aluminum fell 0.23%, zinc rose 0.97%, lead added 0.09%, nickel was flat, and tin dropped 0.2%. Alumina rose 0.44%, aluminum alloy fell 0.21%, and stainless steel gained 0.69%.

TREE NEWS reports: Marco Oviedo, strategist at XP Investimentos, said the US nonfarm payrolls data confirms that CPI is the key data point. If CPI shows core annual inflation declining as expected, a Fed pause in rate hikes would be largely confirmed. Until then, he does not expect major volatility.

TREE NEWS reports: The MSCI emerging markets currency index is set for a tenth consecutive weekly gain, the longest streak since 2007, after rising 0.4% on Friday, bringing the week’s advance to 0.7%. Gains were trimmed after strong US jobs data boosted rate-hike bets and the dollar. Investors now await next week’s US inflation data for clues on Fed policy.

TREE NEWS reports: LME copper closed up $82 at $14,416 per tonne. Aluminum fell $18 to $3,294, zinc rose $34 to $3,946, lead gained $4 to $1,908, nickel added $60 to $16,846, tin dropped $86 to $54,866, and cobalt lost $2,070 to $46,430.

TREE NEWS reports: Missiles hit US targets in northern Jordan after loud explosions were heard in the country. The attack reportedly targeted American positions, with details still emerging. No group has claimed responsibility yet.

TREE NEWS update: The US Centers for Disease Control and Prevention reported on September 4 that 3,134 measles cases have been confirmed this year, the highest annual tally in over 35 years. The figure marks a significant resurgence of the disease, which was declared eliminated in 2000.

TREE NEWS reports: Fitch Ratings’ US economic lead Olu Sonola called the August nonfarm payrolls report “unquestionably strong,” reaffirming labor market stability. He flagged next week’s CPI report as the real event risk, saying it is the data point capable of changing the outlook.

TREE NEWS reports: German 2-year bond yields fell 0.9 basis points to 2.949% on Friday, paring the weekly gain to 4.3 basis points. The yield spiked to 2.990% upon the US nonfarm payroll release at 20:30 Beijing time before retreating. The 10-year yield ended at 3.339%, up 6.0 basis points on the week, with the 2/10 curve steepening to +38.792 basis points.