TREE NEWS reports: MSCI’s emerging markets stock index rose 0.2% today, while its foreign exchange index also gained 0.2%. The move reflects modest risk appetite in developing markets.
TREE NEWS reports: The dollar weakened broadly on Thursday, with the euro up 0.35% to 1.1629 and sterling gaining 0.29% to 1.3528. The Swiss franc strengthened 0.67% against the dollar, while the Hungarian forint surged 1.90%. Commodity currencies and Nordic currencies also advanced, though the Turkish lira and Brazilian real slipped.
TREE NEWS update: On September 3, Ukraine’s Navy reported that its unmanned boats struck a Russian multi-purpose support vessel at the port of Sochi, causing a violent explosion and large smoke plumes. The vessel is part of Russia’s maritime and energy infrastructure. Russia has not yet responded.
TREE NEWS update: Prediction market Polymarket has listed 67 perpetual futures contracts on stocks, crypto, indices, and commodities, offering up to 20x leverage. The platform blocks order placement from the United States, limiting access to non-U.S. users.
TREE NEWS reports: Spot gold rallied 2.07% to $4,472.28/oz at New York close Thursday, briefly touching $4,510.85 at 23:19 Beijing time. Silver gained 2.56% to $66.984/oz, while COMEX copper rose 1.18%. The Philadelphia Gold and Silver Index closed up 3.04%, and the NYSE Arca Gold Miners Index gained 3.85%.
TREE NEWS reports: PONS, the token behind Robinhood Chain’s meme coin factory, has flipped CASHCAT to become the chain’s largest cryptocurrency by market cap. The token’s price has surged over 18,000% since July, with its chart resembling a hockey stick.
TREE NEWS update: U.S. Vice President JD Vance downplayed opposition to data centers, calling the rapid buildout an investment opportunity amid rising public negativity ahead of the midterms. “You have to make it easier to reinvest in America,” he said Thursday at a White House press briefing, adding that the backlash stems from insufficient electricity construction until about 18 months ago.
TREE NEWS update: US Vice President JD Vance said on September 3 that Washington is investigating a recent attack on a wedding in Iran. Speaking at a White House press conference, he noted that such incidents sometimes happen, but the US has no confirmed information yet. He expressed skepticism toward Iranian media reports and reiterated that the US will not negotiate with Iran as long as attacks on ships in the Strait of Hormuz continue.
TREE NEWS update: Brazil said it may impose reciprocal countermeasures against the European Union if negotiations to lift the EU’s ban on Brazilian meat imports fail to progress. The statement was issued by the Brazilian government, warning of potential retaliation in the ongoing trade dispute.
TREE NEWS update: The U.S. Securities and Exchange Commission today proposed rescinding its “pay-to-play” rule that bars investment advisers from providing compensated services to government clients for two years after certain political contributions. The proposal, if adopted, would remove restrictions aimed at curbing conflicts of interest in public pension fund management. Public comment will be sought.
TREE NEWS reports: On Thursday, September 3, US sector ETFs mostly advanced, with the network stock index ETF up 2.1% and financials ETF gaining 1.56%. Consumer discretionary, technology, banking, global tech, and industrial ETFs each rose at least 1.03%, while semiconductor ETF lagged with a 0.39% gain. Energy ETF fell 0.74%.
TREE NEWS update: The US Department of Justice issued a legal opinion on the 2nd, requiring states receiving federal benefits funding to expand reporting of illegal immigrant information to Homeland Security or face funding cuts. This move pressures states to cooperate with federal immigration enforcement, as previously only state agencies administering benefits programs had reporting duties. President Trump’s tightened immigration policies since January 2025 have intensified partisan conflict.
TREE NEWS update: OpenAI has launched Daybreak, a tool designed for frontline defense personnel. The company will invest $1 billion to provide subsidized access to Daybreak, along with training, technical support, and collaboration.
TREE NEWS reports: The Magnificent 7 index gained 2% to close at 231.12 points on Thursday, September 3, after opening higher and trading in a narrow range at elevated levels. The mega-cap tech index rose 1.74% to 453.69 points. Tesla led gains, closing up 5.42%.
TREE NEWS update: Iraq sold 73 million barrels of oil in August, the highest monthly export level since the 2003 US-led invasion, head of state marketer SOMO. Revenue from the OPEC member’s sales reached about $4.5 billion. Southern terminals exported roughly 70 million barrels. Basra Medium crude was priced at a $25 per barrel discount, Basra Heavy at $29, versus a $14 discount in July.
TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index gained 0.84% on Thursday, closing at 3414.70 points. Among constituents, Hesai Technology surged over 11%, Aurora Innovation rose 8%, and Tesla advanced 5.42%, ranking third.
TREE NEWS update: Tencent Music Entertainment has completed the pricing of its $1 billion notes offering. The company announced the move, which marks a significant debt raise in the current market. Proceeds are expected to be used for general corporate purposes, as per the statement.
TREE NEWS update: Canadian Prime Minister Mark Carney said two weeks ago Canada made the right decision to suspend trade negotiations with the United States, stating ‘we cannot accept the conditions offered by the US nor meet its demands.’ He added that the US imposed new tariffs with the aim of harming Canadian interests and creating divisions.
TREE NEWS update: Bank of America has intensified its focus on AI-related companies that may need financing, M&A advice and other products, assigning Gregg Nabhan, Jill Schwartz and Ray Wood to collaborate across industry groups. The move aims to deepen relationships with clients in the “AI ecosystem,” spanning hundreds of firms in the AI infrastructure supply chain and value chain.
TREE NEWS update: Senator Bernie Sanders will introduce a bill to pause advanced AI development and create a federal regulator, with violators facing up to 20 years in prison. The forthcoming legislation targets frontier AI models, marking a significant regulatory push in the AI sector.