Flash News

TREE NEWS update: China’s National Energy Administration said on Oct. 30 that national electricity supply and demand will remain broadly balanced through the winter peak, though the supply situation is complex. Tan Hongjiang, deputy director of the NEA’s power department, said localized peak-hour tightness is possible if extreme cold or primary energy supply constraints emerge, and can be resolved through inter-regional power sharing and other measures.

TREE NEWS reports: The pound gained 0.4% against the dollar to trade at 1.3432, its strongest level since September 16. The move extends sterling’s advance, with the pair touching the session high on the day.

TREE NEWS update: Japan’s Ministry of Finance said it did not intervene in the foreign exchange market during the period from Sept. 29 to Oct. 28. The disclosure confirms no official yen-buying or selling operations took place over that window.

TREE NEWS reports: China’s central bank said the weighted average interest rate on newly issued commercial personal housing loans nationwide stood at 3.05% in the third quarter of 2026. The figure was released as part of the People’s Bank of China’s quarterly data on mortgage lending rates.

TREE NEWS update: Chinese airlines will raise the fuel surcharge on domestic passenger flights from November 5, 2026, with the levy set at 80 yuan per adult on routes of 800 km or less and 140 yuan on longer routes. That marks increases of 30 yuan and 50 yuan respectively.

TREE NEWS reports: Italy’s October consumer price index rose 0.7% month-on-month, far exceeding expectations of a 0.1% increase and matching the prior month’s 0.7% gain. The figure points to firmer inflation in the eurozone’s third-largest economy at the start of the fourth quarter.

TREE NEWS reports: Macau’s gross domestic product for the first three quarters reached an initial estimate of MOP 316.13 billion, up 2.9% year on year in real terms, the Statistics and Census Service said on the 30th. Service exports rose 3.4% as visitor arrivals kept climbing on tourism measures and major events, while gross fixed capital formation grew 4.6% and private consumption expenditure rose 2.8%.

TREE NEWS update: The Shanghai Futures Exchange will raise price limits and trading margin ratios for certain fuel oil and petroleum bitumen futures contracts from the close of settlement on Nov. 3, 2026. Fuel oil contracts FU2612 and FU2701 will have an 18% price limit, with hedge-position margins at 19% and ordinary-position margins at 20%. Bitumen contracts BU2611, BU2612 and BU2701 will have a 14% price limit, with hedge margins at 15% and ordinary margins at 16%.

TREE NEWS update: European Central Bank Governing Council member and Bundesbank President Joachim Nagel said the ECB will act decisively if necessary to bring inflation back to target, as consumer price growth has picked up again, driven mainly by higher energy costs. He said medium-term inflation expectations must stay firmly anchored at 2%, and officials are prepared to raise rates again if the December inflation outlook does not improve.

TREE NEWS update: China’s National Development and Reform Commission and other departments issued a guidance opinion on strengthening consumer infrastructure construction and promoting positive interaction between consumer investment. The opinion calls for expanding investment channels, using central and local funds to support eligible consumer infrastructure projects, leveraging new policy-based financial tools and real estate investment trusts, and guiding financial institutions to provide credit support on market-based and law-based principles.

TREE NEWS update: China’s National Development and Reform Commission and other departments issued guidance on strengthening consumption infrastructure and promoting interaction between consumption and investment. The directive encourages museums, theaters and cinemas to add consumer service facilities and expand consumption formats, and calls for upgrading tourism consumption clusters and facilities at cultural tourism complexes, RV campsites and study bases.

TREE NEWS update: China’s National Development and Reform Commission and other government departments issued a guidance opinion on strengthening consumer infrastructure construction and promoting positive interaction between consumption and investment. The plan calls for upgrading agricultural product markets, renovating industrial consumer goods markets for daily necessities, food, clothing, appliances and autos, and advancing smart digital applications such as electronic settlement, smart weighing, contactless payment and traceability management in urban and rural commodity trading markets.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing chaired an expanded Party committee meeting on Oct. 30, calling for deep reflection on the cases of Yi Huiman, Wang Huimin, Wang Jianjun and Fang Xinghai. The meeting urged strict oversight of senior officials and the leadership team, adherence to the Central Eight-Point Regulation and democratic centralism, and supervision talks with lower-level chiefs. It also pledged to stabilize markets and expectations and deepen comprehensive investment and financing reform.

TREE NEWS reports: Deutsche Bank’s Jim Reid, citing S&P 500 data since 1928, said the index typically bottoms around Oct. 27 and then rises into year-end, with 21 of the past 23 midterm years gaining in the three months after an early-October low. BTIG’s Jonathan Krinsky instead sees the market tracking the 2000 Philadelphia Semiconductor Index collapse, forecasting SOXX to rebound to 550-570 before reversing around the midterm election week.

TREE NEWS update: The People’s Bank of China will begin holding overnight reverse repo tenders every working day from Nov. 2, 2026, at a fixed rate of 1.25%, the central bank announced. The seven-day reverse repo will shift to fixed-quantity, rate-based bidding with multiple price awards, mainly around tax periods and month-end. Other tools priced off the seven-day rate will instead be priced off the overnight rate, with the same spreads.

TREE NEWS reports: The offshore yuan strengthened past 6.65 per dollar, reaching its highest level since June 2022. The move marks a fresh multi-year high for the Chinese currency in offshore trading.

TREE NEWS reports: China’s goods and services trade totaled 5.82 trillion yuan in September 2026, with exports of 3.25 trillion yuan and imports of 2.57 trillion yuan, producing a surplus of 680.5 billion yuan, the State Administration of Foreign Exchange said. Within services trade, transport reached 177 billion yuan, travel 171.2 billion yuan, other commercial services 148.6 billion yuan, and telecommunications, computer and information services 84 billion yuan.

TREE NEWS update: The People’s Bank of China and the South African Reserve Bank renewed their bilateral local-currency swap agreement, with the State Council’s approval, at a scale of 30 billion yuan/74 billion South African rand, valid for five years. The renewal extends a standing arrangement between the two central banks that allows them to exchange each other’s currencies.

TREE NEWS reports: Italy’s preliminary third-quarter GDP grew 1.02% year-on-year, exceeding the 0.9% forecast and matching the previous reading of 1%. The figure was released as a preliminary estimate, with the prior period unchanged at 1%. No further details were provided.

TREE NEWS reports: Germany’s unadjusted gross domestic product rose 1% year on year in the third quarter on a preliminary basis, missing the 1.2% expected by economists and matching the prior reading of 1%. The preliminary reading leaves Europe’s largest economy growing at the same pace as in the previous quarter, short of consensus.