Flash News

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.

TREE NEWS update: Workers at Codelco’s Hales mine in Chile have withdrawn their blockade of the site, the union said. The action at the state copper producer’s operation was called off. No further details on the duration of the blockade or its impact on output were provided.

TREE NEWS reports: The MSCI Nordic Countries Index rose 1.2% to 396.74 points, its biggest single-day gain since Oct. 9 and its second straight advance. The Nordic industrials sector posted the largest gain among the index’s ten sectors. Genmab A/S climbed 12.1%, leading all Nordic constituents.

TREE NEWS update: German President Frank-Walter Steinmeier arrived at Hefei Xinqiao International Airport early on October 27, beginning a state visit to China running through October 31 at the invitation of President Xi Jinping. The trip marks his first visit to China in nearly eight years.

TREE NEWS update: Audi said political neutrality remains an important principle for the company and will be maintained, a spokesperson stated. The decision for its CEO to attend an event in the U.S. state of Georgia was made after careful consideration and is fully in the company’s best interest, the spokesperson added. The automaker did not provide further details.

TREE NEWS update: Audi CEO Gernot Dollner on Sunday defended the company’s plan to build a $4 billion plant in Georgia, calling it a business decision aimed at raising sales and reducing U.S. tariff risk. Speaking at a media roundtable, Dollner said the U.S. is the world’s second-largest luxury car market and Audi has not fully tapped its potential. The plant, Audi’s first in the U.S., was announced by President Donald Trump at a Georgia rally on Saturday.

TREE NEWS update: Russia and Ukraine have agreed to a ceasefire in Oleshky in the Kherson region, set to take effect at 4:00 a.m. Moscow time on Oct. 27, or 3:00 a.m. Kyiv time. A humanitarian corridor will open to deliver aid and evacuate residents. Kremlin spokesman Dmitry Peskov said on Oct. 26 the temporary truce could set a precedent, but stressed that restoring trilateral talks with the U.S. and Ukraine would not halt hostilities.

TREE NEWS reports: Brazil’s stock market crashed after Lula da Silva defeated Flávio Bolsonaro in the presidential election, a result prediction markets had priced at just 20%. The iShares Brazil ETF fell as much as 26%, while the dollar jumped as much as 12% against the real.

TREE NEWS reports: Brent crude oil broke through the $111-per-barrel threshold, trading at $111.08 a barrel. The move marks a fresh push above the round-number level for the international benchmark.

TREE NEWS update: Russian President Vladimir Putin will meet Iranian President Masoud Pezeshkian and Qatari Emir Sheikh Tamim bin Hamad Al Thani separately in Moscow on October 27, Kremlin aide Yuri Ushakov confirmed on October 26. Speaking before departing for Russia, Pezeshkian said he would discuss strengthening bilateral ties and issues of mutual concern with Putin, stressing that Iran seeks multilateralism rather than unilateralism or displays of military force.

TREE NEWS reports: Germany’s four transmission system operators forecast the country’s renewable energy support bill will rise about 8% to €17.52 billion ($19.6 billion) in 2027, with solar installations accounting for the largest share at an estimated €9.6 billion. The figures cover the levy used to fund renewable power subsidies.

TREE NEWS update: Israel will hold its next parliamentary election on October 27, the first since the outbreak of the latest Israeli-Palestinian conflict on October 7, 2023. After prolonged regional conflict, Israeli voters are deeply divided over national security and the country’s political direction, with public opinion split on key election issues.

TREE NEWS update: The US Treasury auctioned three-month bills at a high yield of 4.050% with a bid-to-cover ratio of 3.07, and six-month bills at 4.210% with a bid-to-cover ratio of 2.63.

TREE NEWS reports: Germany’s DAX 30 index closed provisionally 1.22% higher at 25,487.75 on the day. France’s main index gained 1.07%, Italy’s benchmark rose 1.35% with its bank index up 2.2%, and the UK index added 0.73%.

TREE NEWS reports: Europe’s STOXX 600 index gained 0.84% to 641.13 in its preliminary close, with Genmab, ComputaCenter and Technoprobe leading the constituents while EssilorLuxottica and Santander lagged. The euro-zone STOXX 50 rose 1% to 6,129.60, led by Nokia, Siemens Energy and Hermès. The FTSE Eurofirst 300 advanced 0.8% to 2,557.10.