Flash News

TREE NEWS reports: Shanghai crude oil futures for the December 2612 contract closed down 0.87% at 733.30 yuan per barrel in night trading. Shanghai gold rose 0.4% and Shanghai silver gained 0.31% in the same session.

TREE NEWS update: SpaceX has closed a $40 billion chip deal with Apollo, Elon Musk said, as lenders pull back from smaller AI cloud providers. Musk warned that most neoclouds will fail, a split he said could determine who controls computing capacity. The deal is one of the largest known commitments for AI chips and comes as financing for smaller AI cloud firms tightens.

TREE NEWS update: Iran’s Security Council Secretary Rezaei said visits by senior Turkish, Pakistani and Saudi officials show US threats have little impact on world countries. The officials believe regional problems should be resolved through cooperation among the four countries. Rezaei concluded that security in West Asia must be achieved internally and any foreign interference must be prevented.

TREE NEWS update: Iran’s Supreme Leader said the key to Iran’s further strength lies in its elite’s ability to push the boundaries of scientific knowledge and find solutions to the country’s scientific challenges. He made the remark in a statement, framing scientific advancement as central to national power. No further details or policy measures were disclosed.

TREE NEWS update: Several right-wing and center-right Brazilian parties that had backed Flávio Bolsonaro, son of former President Jair Bolsonaro, announced on April 25 that they recognize incumbent President Luiz Inácio Lula da Silva’s election victory. The parties said they do not support the Liberal Party’s push to annul the result and hold a new election, Brazilian media reported on April 26.

TREE NEWS reports: France’s 10-year government bond yield fell 11.7 basis points to 4.902% in late European trading on Monday, its second straight session of decline after hitting 5.143% on Oct. 22. Moody’s took no rating action on France last Friday despite recent unrest, and the yield drop lowered French government financing costs. The two-year yield fell 5.8 bps to 3.744% and the 30-year fell 8.7 bps to 5.401%.

TREE NEWS reports: LME copper closed $5 higher at $14,328 a tonne, while nickel fell $287 to $15,561 a tonne in mixed base metals trading. Zinc rose $70 to $3,814, lead gained $16 to $1,923 and tin added $500 to $51,017, while aluminium slipped $3 to $3,040 and cobalt was unchanged at $34,620.

TREE NEWS update: Russian steel producer Severstal said its mining and processing plant in Belgorod region has regained power after an earlier outage caused by a Ukrainian drone attack. The plant has resumed normal operations, and the company said the strike caused no injuries.

TREE NEWS update: Spain’s National Police on Oct. 26 deported seven migrants from the autonomous city of Ceuta to Morocco. The migrants had entered Ceuta on July 30 and 31, were held at a temporary migrant center, and had no right to asylum.

TREE NEWS update: Iranian Foreign Ministry spokesperson Baghaei said on the 26th that sustainable regional security must be built on mutual trust and cooperation among regional countries. At a press conference in Tehran, he accused the United States of launching a military strike on Iran over the nuclear issue. He made the remarks while taking questions on regional tensions and Iran-US relations.

TREE NEWS update: Ukrainian President Volodymyr Zelensky on Oct. 26 signed legislation extending the country’s martial law and general mobilization for another 90 days, through Jan. 29, 2027. Earlier the same day, Zelensky submitted the draft decree to the Verkhovna Rada, which then approved the extension to that date.

TREE NEWS reports: German two-year Bund yields rose 4.9 basis points to 3.111% in late European trading on Monday, October 26, moving within a 3.056%-3.115% range. The 10-year yield gained 2.1 bps to 3.367%, while the 30-year added 1.3 bps to 3.694%. The 2/10-year spread narrowed 2.730 bps to +25.345 bps.

TREE NEWS reports: The UK 10-year gilt yield fell 1.2 basis points to 5.344% in late European trading on Monday, Oct. 26, touching 5.297% at 22:39 Beijing time. The two-year yield rose 2.1bp to 4.934%, while the 30-year and 50-year yields fell 1.0bp and 1.1bp respectively. The 2s/10s spread narrowed by 3.365bp to +40.892bp.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility recorded $200 million in usage on Monday, October 26, with one counterparty, unchanged from the previous trading day’s $200 million. The minimal take-up underscores how few market participants are parking cash at the central bank’s facility.

TREE NEWS update: Iran’s president said Tehran’s relations with Moscow are steadily expanding and that he will discuss strengthening bilateral cooperation with Russian President Vladimir Putin during an upcoming visit to Russia. The comments, reported as a headline statement, did not specify a date for the trip or the scope of the talks. The two countries have deepened political and economic ties in recent years.

TREE NEWS update: DP World Ltd. announced an agreement to support the potential development of the Port of Churchill, a remote outpost in northern Canada that Prime Minister Mark Carney aims to expand for exports to Europe and other markets. The deal focuses on port operations and a possible transport corridor linking Churchill to DP World’s global logistics network and inland port facilities managed by CentrePort Canada Inc. Developing Churchill into a major export hub would require tens of billions of dollars, with a prospectus citing a $57 billion price tag and $3.9 billion in upfront investment.

TREE NEWS update: UK Chancellor Healey will announce plans to raise the national minimum wage by nearly 4% for workers aged 21 and over, with the rate estimated to rise from £12.71 to around £13.20 an hour, a 3.9% increase. The plans will also slow the pace of wage increases for younger workers.

TREE NEWS reports: International copper rose 0.41% in the night session, with Shanghai copper up 0.36%, aluminum up 0.21%, zinc up 0.99%, lead up 0.78% and tin up 0.88%. Shanghai nickel fell 1.18% and stainless steel dropped 1.18%, while alumina slipped 0.59% and aluminum alloy gained 0.22%.

TREE NEWS reports: ICE UK natural gas futures closed up 3.43% at 238.75 pence per therm in late European trading on Monday, October 26, after touching 241.060 pence at 16:45 Beijing time. TTF Dutch benchmark gas gained 3.40% to 96.620 euros per megawatt-hour, having reached 97.640 euros at 16:56. ICE EU carbon allowance futures rose 2.36% to 88.29 euros per tonne.

TREE NEWS update: Switzerland has confirmed that a hospital in Geneva is treating a patient with Ebola, the country’s authorities said. The case marks a confirmed Ebola patient being cared for at a Geneva medical facility. No further details on the patient’s condition, travel history or the specific strain were provided.