Flash News

TREE NEWS update: On September 3, Ukrainian President Volodymyr Zelensky said the US has confirmed it will hold separate talks in Moscow and Kyiv, with the Kyiv session expected soon. Ukraine’s negotiation team maintains round-the-clock contact with the US delegation and has advanced preparations, including a preliminary schedule. Kyiv is fully prepared for substantive talks at an appropriate level.

TREE NEWS reports: NYMEX palladium futures surged 6% intraday to $1,442.45 per ounce. The sharp move reflects strong buying in the precious metals complex. No specific catalyst was cited in the brief report.

TREE NEWS update: Iran’s oil minister announced that most damage to energy infrastructure sustained during two recent wars has been repaired. The statement covers facilities hit in conflicts, with restoration efforts largely completed. No specific dates or figures were provided.

TREE NEWS update: Iran’s health ministry spokesman said on September 3 that US military strikes from 8:30 PM local time on August 30 to 8:30 PM on September 2 killed 18 people and wounded 142. The US attacked Iran’s Larak Island on August 30 and multiple other locations on September 1.

TREE NEWS update: The Dutch central bank said Tuesday it transferred about 86 tonnes of gold reserves from New York and Ottawa to London between March and August to diversify risk and prepare for crises. France has concentrated all its 2,437 tonnes domestically since April, while Germany repatriated 300 tonnes from the US in 2013-17. Expert Wan Zhe says gold repatriation signals eroding trust in the dollar system and accelerating global reserve diversification.

TREE NEWS reports: On Thursday, September 3, usage of the Federal Reserve’s overnight reverse repurchase agreement (RRP) facility totaled $702 million, with four counterparties, down from $525 million the previous trading day. The decline reflects continued low demand for the Fed’s liquidity absorption tool.

TREE NEWS reports: Goldman Sachs Asset Management co-head of client portfolio management Katherine Bordlemay predicts US equities will continue to rise with volatility, with individual stock swings masking calm in major indices. Earnings, not valuations, are the main buffer against rising Treasury yields. She is optimistic on unloved sectors, particularly US healthcare and international developed markets.

TREE NEWS reports: International copper rose 0.67% in night trading, while Shanghai copper gained 0.53%. Aluminum added 0.47%, zinc 0.28%, and tin 0.76%, but lead fell 0.12% and nickel dropped 0.47%. Alumina climbed 1.33%, while stainless steel slipped 0.04%.

TREE NEWS update: On September 3, Chinese Vice Premier Ding Xuexiang attended the plenary session of the 11th Eastern Economic Forum in Vladivostok, Russia, and delivered a speech titled “Deepening China-Russia Regional Cooperation and Enhancing the Well-being of the Two Peoples.” The event underscores ongoing bilateral engagement in regional development.

TREE NEWS reports: LME copper settled $118 higher at $14,334 per metric ton. Aluminum gained $28 to $3,312/t, zinc rose $47 to $3,912/t, lead added $9 to $1,904/t, and tin climbed $720 to $54,952/t. Nickel fell $127 to $16,786/t, while cobalt dropped $2,165 to $48,500/t.

TREE NEWS update: Police in Rivers State, Nigeria, reported that around 40 people died on May 3 from inhaling toxic fumes during an illegal oil transfer operation. About 200 locals had gathered at a dock to offload petroleum products from a vessel when they were overcome by gas. At least 37 bodies have been recovered, with several people still missing and others hospitalized.

TREE NEWS reports: Oman has quietly rejected Iran’s proposal to charge commercial vessels service fees in the Strait of Hormuz. The officials say Oman refused to agree to environmental and safety charges, even on a voluntary basis, contradicting claims by Iran’s Revolutionary Guard that a deal had been reached. The proposal followed talks between the two countries’ foreign ministers in Tehran.

TREE NEWS reports: Oman has quietly rejected Iran’s proposal to levy tolls on shipping through the Strait of Hormuz. The decision underscores Oman’s independent stance amid regional tensions over the strategic waterway.

TREE NEWS update: The US Mint announced on Sept 4 that $1 coins bearing President Trump’s portrait are now in circulation and available for purchase, marking the first time a living person has appeared on US currency since 1866. Coins are sold in packs of 25 or 100, starting at $61. Trump has proposed a $250 bill with his image.

TREE NEWS reports: Bitcoin jumped alongside stocks after Federal Reserve Governor Christopher Waller said he could support holding interest rates steady. The surge triggered $415 million in short liquidations, with short sellers absorbing the brunt of the squeeze. The move marks a synchronized rally across risk assets on hopes of a pause in rate hikes.

TREE NEWS reports: At Thursday’s European close, the Italian 10-year government bond yield fell 5.0 basis points to 4.158%, the largest decline among euro zone sovereign yields. German 10-year yields dropped 3.3 bps to 3.343%, while French 10-year yields fell 4.7 bps to 4.204%. Spanish and Greek 10-year yields also declined.

TREE NEWS update: Sony has dismissed a $508 million claim from PS5 buyers seeking refunds over tariffs, calling it ‘illogical.’ The company raised PlayStation prices for a second time in March, five weeks after the tariffs were struck down, complicating the legal dispute.

TREE NEWS reports: The USD/CAD pair fell 0.5% intraday to 1.3772, reflecting a weaker dollar against the Canadian dollar. The move comes as market participants assess economic data and oil price fluctuations, which often influence the loonie. Traders now watch for further cues from central bank policies.

TREE NEWS update: China expressed regret that the G20 finance ministers and central bank governors meeting, which concluded September 1 in Asheville, US, failed to produce a joint communique. A source close to negotiations said the US, as host, undermined multilateral agenda and damaged Sino-US cooperation atmosphere.

TREE NEWS reports: Humain, an AI company backed by Saudi Arabia’s PIF, plans to raise $2.5 billion for its first fund dedicated to data center investments. The fund will finance 250 MW of data center capacity built with Al Moammar Information Systems, potentially expanding to 1 GW. The move supports growing AI computing demand in the region.