TREE NEWS reports: ICE UK natural gas futures rose 3.60% to 213.380 pence per therm in late European trading on Tuesday, November 10. The TTF Dutch benchmark gained 6.40% to 85.254 euros per megawatt-hour. ICE EU carbon allowance futures edged up 0.38% to 87.98 euros per tonne.
TREE NEWS reports: The MSCI Nordic Countries Index fell 0.2% to 407.97 points, with the Nordic healthcare sector posting the steepest decline among its ten sectors. Vestas Wind Systems was the worst performer among Nordic stocks, sliding 4.1%.
TREE NEWS update: The hedge fund industry is asking the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission to slow their push toward 24/7 trading. The request targets the regulators’ move to extend round-the-clock market hours. No further details were provided.
TREE NEWS reports: Bitcoin fell as low as $72,787 intraday after US October CPI came in at 0.4% month-on-month, above expectations. Coinglass data showed more than $632 million in crypto liquidations over the past 24 hours, with long positions accounting for over $511 million. The implied probability of a 25-basis-point Fed rate hike in December rose to 85% from 77% before the CPI release.
TREE NEWS update: Portugal’s economy minister, Manuel Castro Almeida, called on US companies to step up investment in the country as a European production and export hub, speaking at the Portugal-US Business Forum. US investment in Portugal has more than doubled since 2019, making the US the country’s third-largest foreign investor. Castro Almeida named technology and digital platforms, energy and infrastructure, pharmaceuticals and healthcare, and defence and aerospace as priority areas.
TREE NEWS reports: Citigroup has closed out its bet that the Federal Reserve would raise interest rates in December, taking a profit on the position. The bank unwound the trade tied to a December rate increase. No further details on the size or timing of the position were disclosed.
TREE NEWS reports: Hyperliquid’s HYPE token dropped 18% over the past week, hitting a four-week sampled low and underperforming both bitcoin and ether, while daily fees on the platform recovered from an early-November dip.
TREE NEWS reports: Hims & Hers Health slid as much as 17.72% to $18.86, marking its largest single-day decline since February. The telehealth company’s shares extended losses during the session.
TREE NEWS reports: A whale holding a $5.35 million DOGE long position is sitting on a $1.53 million loss and is now just 3.65% away from liquidation. The same account had DOGE, XRP and LIT positions liquidated 43 minutes earlier for a $741,800 loss, bringing its total account losses to $3.55 million.
TREE NEWS reports: Germany’s DAX 30 index closed up 0.54% at 26,407.90 in preliminary trading, with French and Italian benchmarks also gaining. The French index rose 0.9% and Italy’s benchmark added 1.02%, while its bank index climbed 1.98%. The UK index edged up 0.04%.
TREE NEWS reports: Bitcoin fell below $74,000 after October inflation data came in hotter than forecast, adding pressure on the Federal Reserve to raise interest rates again at its December meeting. The inflation beat heightened expectations of a larger rate hike, weighing on the largest cryptocurrency.
TREE NEWS reports: The Commerce Department halted a probe into Nvidia customer Megaspeed after Nvidia reached out to the agency, while the Justice Department is conducting a criminal inquiry into the company. Commerce said it handled the case by the book. The report did not specify when the outreach occurred or the status of the DOJ inquiry.
TREE NEWS update: PNC has launched a USDC payments pilot with Coinbase, allowing eligible corporate and institutional clients to accept the stablecoin on Ethereum, with proceeds automatically converted into dollars in their PNC accounts. The bank did not disclose a launch date or the number of clients participating in the program.
TREE NEWS update: BitGo returned to profit on crypto gains even as revenue after direct costs fell 32.1% year over year, the crypto custodian reported. The platform’s client base grew 33.1% over the same period, underscoring expanding usage alongside the revenue decline.
TREE NEWS update: Norway has paused new grid capacity reservations for data centers, though existing connections remain unaffected. Reserved capacity alone will not exempt projects from a separate freeze on technical approvals, meaning developers still face a second hurdle before construction can proceed.
TREE NEWS update: Yemen’s Houthi movement said on the 10th it struck multiple targets in Saudi Arabia and inside Yemen, including Riyadh’s King Khalid International Airport and a financial center in the Saudi capital. Military spokesman Yahya Saree said in a statement on the group-controlled Al-Masirah TV that ballistic missiles and drones were used against the airport, the financial center, pumping stations along Saudi Arabia’s east-west oil pipeline, Saudi Aramco facilities and concentrations of Saudi-linked forces in Yemen.
TREE NEWS reports: US Treasury yields jumped on Monday in what could be one of the largest single-day increases in recent years, as markets sharply repriced the Federal Reserve outlook following hawkish comments from policymakers. If the move holds, it risks a fresh bout of equity volatility, with risk sentiment still fragile after last week’s tech selloff.
TREE NEWS reports: Bitcoin dropped to an 11-week low on Wednesday after US October inflation data came in above forecasts, with traders now expecting a quarter-point Federal Reserve rate hike in December. US stocks also fell initially following the CPI release. The inflation beat weighed on risk assets, including cryptocurrencies.
TREE NEWS reports: Brent crude broke through the $92 per barrel mark, trading at $92.01, while West Texas Intermediate climbed 55 cents within five minutes to reach $86.72 a barrel. The move marks a sharp intraday advance for both benchmarks.
TREE NEWS reports: New York gold fell 2.0% intraday to $4,032.07 an ounce. The move marks a sharp single-session decline for the precious metal, with the intraday loss reported at 2.0% as of the latest quote.