TREE NEWS update: Google has expanded its eighth-generation TPU lineup with new confidential and long-context systems, including the TPU 8i Max, which combines two 8i chips in a single package. The company’s product page lists all four eighth-generation systems as “coming soon,” indicating they are not yet generally available. No pricing or launch dates were disclosed.
TREE NEWS reports: Bitcoin rebounded from an 11-week low near $73,500 as the Nasdaq Composite rallied despite a sell-off in Nvidia shares. An analyst is weighing a $68,000 target for the largest cryptocurrency. The moves came as tech stocks brushed off nerves around Nvidia.
TREE NEWS reports: The Dow Jones Industrial Average jumped more than 1,000 points, with its gain widening past 2%. The S&P 500 rose 2.2%, the Nasdaq gained 2.6%, the Nasdaq 100 climbed 3.2% and the semiconductor index surged 6.7%.
TREE NEWS update: Goldman Sachs CEO David Solomon declined to comment on a potential Anthropic IPO when asked, saying only that “the market is open, deals are happening, and we’ll see.” Solomon made the remarks in response to a question about the AI company’s listing plans, without confirming any Goldman involvement. No timing, valuation or underwriting details were disclosed.
TREE NEWS reports: Bitmine purchased another $20 million in ether, lifting its total stash to 6.07 million ETH — 4.97% of the total supply and 99% of the way toward its “Alchemy of 5%” target. Chairman Tom Lee described Vitalik Buterin’s “ETH is money” remarks as a “seismic shift” that the firm is seizing on.
TREE NEWS update: Richmond Fed President Thomas Barkin, a 2027 FOMC voter, said the direction of monetary policy is “clear” but the central bank should adjust policy “cautiously,” citing inflation risk. He said firms report widespread cost pressures and plan to pass on higher costs, while resilient demand plus broad cost increases are pushing prices upward. Barkin called the U.S. economy “very stable” with still-modest layoffs and “significant” corporate profits.
TREE NEWS reports: International copper rose 0.78% in overnight trading, while Shanghai copper added 0.5%. Shanghai aluminum fell 0.22%, zinc dropped 0.38%, lead gained 0.22% and nickel lost 0.63%. Shanghai tin slipped 0.37%, alumina gained 0.57%, aluminum alloy fell 0.38% and stainless steel dropped 1.41%.
TREE NEWS reports: French 10-year government bond yields fell 2.3 basis points to 4.735% in late European trading on Monday, Nov. 9, after touching a session high of 4.8% at 18:13 Beijing time and a low of 4.691% at 22:21. The French two-year yield rose 0.5 bp to 3.508%, while the 30-year fell 2.5 bp to 5.283%. Italy’s 10-year yield dropped 2.6 bp to 4.302%, Spain’s fell 1 bp to 3.821% and Greece’s declined 1.8 bp to 4.109%.
TREE NEWS update: German Chancellor Friedrich Merz said Germany could block the European Union’s budget over the issue of funding for Ukraine. Merz made the remark in comments reported on the funding dispute, signaling Berlin may use its budget veto as leverage. No further details on timing or the specific budget mechanism were given.
TREE NEWS update: Charles Schwab has begun offering Solana, Avalanche and Chainlink trading to its retail crypto clients, bringing Schwab Crypto to five listed digital assets. The brokerage moved to add the three tokens about 11 weeks after it first said it would do so.
TREE NEWS reports: The UK 10-year gilt yield fell 1.9 basis points to 5.136% in late European trading on Monday, November 9, staying lower throughout the session after touching a daily low of 5.084% at 22:25 Beijing time. The two-year yield slipped 0.9 bp to 4.757%, while the 30-year and 50-year yields dropped 1.8 bp and 2.7 bp respectively. The 2/10-year spread narrowed 0.625 bp to +38.127 bp.
TREE NEWS reports: The U.S. national average retail gasoline price is set to fall below $4 per gallon, based on AAA data. Wholesale gasoline is now at $2.68 per gallon, its lowest level since March 11, the early days of the war. Wholesale prices have fallen more than 25% since late September.
TREE NEWS reports: ICE UK natural gas futures fell 4.12% to 203.500 pence per therm in late European trading on Monday, Nov. 9. The TTF benchmark Dutch gas contract dropped 5.07% to 82.514 euros per megawatt-hour. ICE EU carbon allowance futures rose 1.11% to 87.51 euros per tonne.
TREE NEWS reports: The MSCI Nordic Countries Index rose 0.8% to 408.03 points, with the Nordic financials sector posting the largest gain among the ten sectors. Defense stock Saab climbed 5.7%, leading all Nordic individual stocks.
TREE NEWS update: Israel’s Defense Ministry on Nov. 9 formally recognized Israeli passengers aboard Dubai flight FZ1073 as victims of a hostile incident, referring the matter to Shin Bet for follow-up. On Sept. 30 the Dubai-Tel Aviv flight was diverted to Tabuk, Saudi Arabia, after the co-pilot allegedly stabbed the captain in the cockpit, causing a sudden descent; crew and passengers subdued the attacker before the aircraft landed safely.
TREE NEWS update: French Foreign Minister Jean-Noël Barrot said Iran’s Islamic Revolutionary Guard Corps should be held responsible for a cyberattack targeting refrigerators. He did not provide further details on the incident or the scope of the attack. The claim links the IRGC to a cyber operation against connected cooling appliances.
TREE NEWS update: The US Treasury auctioned three-month bills at a high yield of 4.060% with a bid-to-cover ratio of 2.67. It also sold six-month bills at a high yield of 4.145%, with a bid-to-cover ratio of 2.92. The results set the latest short-term government borrowing costs.
TREE NEWS reports: The US Energy Information Administration reported that crude oil inventories in the Strategic Petroleum Reserve fell last week to 279.5 million barrels, the lowest level since 1982. The figure marks a fresh multi-decade low for the emergency stockpile.
TREE NEWS reports: Germany’s DAX 30 index closed up 1.72% at 26,264.37 points in preliminary trading, with other European benchmarks also posting gains. France’s index rose 1.21%, Italy’s gained 2.67% with its bank index up 4.15%, and the UK’s index added 1.03%.
TREE NEWS reports: The STOXX Europe 600 closed up 1.26% at 656.52 on Tuesday, rising steadily after a slightly lower open, with its 100-day moving average now at 640.91. The Euro STOXX 50 gained 1.94% to 6,290.45, back above its 50-day average of 6,239.91 and approaching its 100-day average of 6,303.52. The FTSE Eurofirst 300 added 1.30% to 2,618.57.