Flash News

TREE NEWS reports: Goldman Sachs shares fell 1.3% as management spoke at a Barclays conference. CEO David Solomon said the firm’s fixed income, currencies and commodities (FICC) business was relatively softer. No further figures were given.

TREE NEWS reports: Ahead of the Federal Reserve’s policy statement, the 10-year Treasury yield fell 5.53 basis points to a session low of 4.9446%, while the 2-year yield dropped 5.9 basis points to hold near its low of 4.6017%. Spot gold rose 1.3% to hold near its session high of $4,360.85 an ounce. The S&P 500 gained 0.3%, the Nasdaq rose 0.6% and the semiconductor index added 1.5%, while the bank index slipped 0.6%.

TREE NEWS reports: Ed Yardeni, one of Wall Street’s most bullish strategists, lowered his year-end S&P 500 target to 7,900 from 8,400, a month after raising it, citing rising risk of an economic downturn over the next three to six months. The new target implies 4.1% upside from Tuesday’s close and now sits mid-pack among more than 20 strategists surveyed by Bloomberg, after the 8,400 level had been the highest forecast on the Street.

TREE NEWS reports: The MSCI Nordic Countries Index rose 0.5% to 394.18 points, with Nordic industrials posting the biggest gain among the ten sectors tracked. Defense company Kongsberg Gruppen ASA climbed 3%, leading all Nordic constituents. The advance was driven by sector-level strength in industrials and defense names.

TREE NEWS reports: Germany’s DAX 30 index closed provisionally up 0.72% at 25,586.12 on Wednesday. France’s benchmark index gained 0.76% and Italy’s rose 1.01%, with Italian bank stocks up 0.98%. The UK’s index advanced 0.45%.

TREE NEWS reports: Europe’s STOXX 600 index closed provisionally up 0.59% at 637.92 points. The eurozone STOXX 50 rose 0.72% to 6,281.13, while the FTSE Eurofirst 300 gained 0.61% to 2,548.36.

TREE NEWS update: CATL announced that the exercise conditions for the fourth exercise period of the first and reserved grants under its 2022 stock option and restricted stock incentive plan have been met, with exercise to proceed on a self-directed basis. A total of 22 incentive recipients are eligible to exercise 353,900 options at an adjusted exercise price of 270.53 yuan per option.

TREE NEWS reports: Cipher Mining (CIFR) shares rose 15.17% intraday to trade at $17.38. The move marks a sharp single-session gain for the bitcoin mining company’s stock.

TREE NEWS reports: China’s rice wine sector extended gains on Sept 16, with Kuaijishan Shaoxing Wine hitting its second straight daily limit at 28.33 yuan per share and peers Gu Yue Long Shan and Jinfeng Wine also closing limit-up. Market speculation pointed to a growing number of baijiu distributors seeking national agency rights for rice wine, fueling bets on nationwide expansion. Gu Yue Long Shan confirmed the trend, saying baijiu channel margins have narrowed while rice wine’s premium margins and low-alcohol health positioning attract quality distributors.

TREE NEWS update: Zijin Mining said its wholly owned subsidiary Zijin Xiamen Equity will commit RMB 1 billion as a limited partner in the Xiamen Shidai Shenyuan Venture Capital Fund, taking a 20.4081% subscribed share. The fund has total committed capital of RMB 4.9 billion and will invest mainly in artificial intelligence, embodied intelligence, technology applications and frontier technology. The announcement was dated September 16.

TREE NEWS update: Zijin Mining said its wholly owned subsidiary Zijin Xiamen Equity plans to commit 1 billion yuan as a limited partner in the Xiamen Times Shenyuan Venture Capital Fund, taking a 20.4081% subscribed share. The fund has total committed capital of 4.9 billion yuan and will invest mainly in artificial intelligence, embodied intelligence, technology applications and frontier technology.

TREE NEWS reports: Guardians of New Zealand Superannuation CEO Jo Townsend said annualized US equity returns in recent years have run at nearly double the 20-year average, and the fund expects mean reversion at some point. She said concentrated portfolios can deliver strong short-term gains, but over the long term a more diversified portfolio better fits the fund’s fiduciary mandate.

TREE NEWS reports: Guardians of New Zealand Superannuation CEO Jo Townsend warned the US stock market risks a correction, while announcing the fund returned 14.2% for the fiscal year ended June 30. The fund, which manages New Zealand’s NZ$94.4 billion ($54.4 billion) sovereign wealth fund, was earlier this year named the world’s best-performing sovereign wealth fund by research firm Global SWF.

TREE NEWS reports: The NAHB US housing market index for September came in at 32, below the expected 34 and down from 35 in the prior month. The reading marks a further decline in homebuilder sentiment, missing analyst forecasts.

TREE NEWS update: The US Securities and Exchange Commission has proposed rescinding Rule 14a-8 under the Securities Exchange Act of 1934, the provision governing shareholder proposals. The agency said the rule exceeds the scope of its statutory authority and intrudes into matters of state law. The SEC also outlined reforms to the proxy solicitation process.

TREE NEWS reports: Bank of America clients resumed selling US equities last week, with single-stock outflows driving the largest net selling week since June. Strategist Jill Carey Hall said all three main client groups were net sellers, led by retail. Clients sold large- and mid-cap stocks but bought small caps, with communication services seeing the heaviest outflows since December 2025.

TREE NEWS reports: US sector ETFs opened mixed on the day, with the semiconductor ETF up more than 1% and the global tech stock index ETF up nearly 1%. The energy sector ETF fell more than 1%, while other major industry funds traded unevenly.

TREE NEWS reports: Intel rose about 6% and SK Hynix about 3% in early US trading, with SK Hynix saying nothing is decided on a US partnership with Intel. The Nasdaq gained 0.5%, the Dow 0.1% and the S&P 500 0.3%. The Philadelphia Semiconductor Index rose 1.4%, memory chip makers SanDisk, Western Digital and Seagate gained, and optical names Marvell, Corning, Coherent, Credo and Lumentum also advanced. The Russell 3000 Transportation Index fell 3.9% to its lowest since March.

TREE NEWS reports: The S&P 500 opened up 15.52 points, or 0.20%, at 7,601.25. The Dow Jones Industrial Average opened 22.29 points higher, up 0.04%, at 52,115.40, while the Nasdaq Composite opened up 126.89 points, or 0.49%, at 26,108.46.

TREE NEWS update: Infineon will sell its NOR Flash and F-RAM business to Winbond for $1.12 billion. The deal would hand the Taiwan-based memory maker Infineon’s flash memory operations outright. No further terms or a closing timetable were disclosed.