Flash News

TREE NEWS reports: PGIM Chief Global Economist Daleep Singh said the US midterm election results mean the president’s influence is diminished — over Congress, the country and the Federal Reserve. Singh, a former senior Biden administration official, noted voters are angry about rising living costs. Combined, he said, the Fed is uniquely positioned to act on that.

TREE NEWS reports: Potomac River Capital investment manager Mark Spindel said Democratic control of the U.S. Senate provides the Federal Reserve with a firmer buffer against presidential pressure. Spindel, who co-authored a book on the history of Fed independence, argued that this backing allows the central bank to hold its ground more resolutely when facing political pressure.

TREE NEWS update: US Senate Democratic leader Chuck Schumer said Democrats will push to lower costs with or without President Donald Trump, and that some Republicans have joined them. He also said he has not yet spoken with Trump following a Democratic sweep of both chambers, and warned that if Trump acts against the public’s will, an investigation will be launched. Schumer added that he will be re-elected majority leader.

TREE NEWS update: Coinbase has made Deribit options and perpetual futures available to its US prime brokerage clients, giving institutions access to global derivatives through Coinbase Financial Markets. The company noted that shared liquidity does not mean a single margin pool.

TREE NEWS update: The European Commission published its 2027 work programme on June 4, setting out measures to deepen the single market, cut energy costs and reduce administrative burdens to lift EU competitiveness. The plan includes coordinating action on high energy prices, an AI application blueprint and, with the Eurogroup and the European Central Bank, advancing legislative talks on the digital euro. It also covers defence investment, cooperation with Ukraine and modernising the Schengen visa regime.

TREE NEWS update: The World Health Organization has recommended adding two new Ebola vaccine candidates to the ongoing TUMAINI clinical trial in the Democratic Republic of Congo. The candidates are ChAdOx1, developed by the University of Oxford with the Serum Institute of India, and Moderna’s mRNA-1469. Preliminary results from the treatment trial are expected in the coming months, while vaccine trial results are expected in early 2027.

TREE NEWS reports: The Philadelphia Semiconductor Index extended its decline to 5%, with Lumentum dropping 11.3%, GlobalFoundries falling 8%, Seagate Technology down 7.9%, Teradyne down 7.8% and Amphenol down 7.3%. Western Digital fell 7%, while Skyworks and Micron each lost 6.9%, and SK Hynix and Kioxia ADRs each dropped 5.6%. ASML slipped 4.1%, TSMC 2.6%, Broadcom 3.1% and Nvidia 2.5%.

TREE NEWS update: A research team led by Professor Zhou Shaohua and special researcher Xiong Peng at the University of Science and Technology of China released structRFM, an open-source RNA sequence foundation model, the university said. The model improves performance across downstream tasks including RNA structure prediction and function inference, with potential applications in AI-driven scientific research, understanding biological mechanisms and drug discovery. The work was published in the journal Nature on the 5th.

TREE NEWS reports: CoreWeave Inc.’s 2031 unsecured bonds fell to as low as 79.5 cents on the dollar Wednesday, the worst performance among high-yield issuers tracked by Trace, after Democrat Gina Hinojosa defeated incumbent Texas Governor Greg Abbott. Hinojosa, the state’s first Democratic governor in over 30 years, has repeatedly called for an immediate pause on data center development. CoreWeave’s 2030 and 2032 notes also declined, with yields now exceeding 15%.

TREE NEWS reports: The pan-European Stoxx 600 index climbed 2.0% on the day to 658.56 points, marking a sharp intraday gain for the benchmark. The move reflects a broad advance across European equities, with the index trading at that level at the time of the reading.

TREE NEWS reports: Brent crude futures fell below the $100 psychological mark for the first time since October 7, down more than 4% on the day. WTI crude also dropped 4.0% intraday to $92.23 per barrel. The move marks a sharp pullback in oil prices.

TREE NEWS reports: Turkey’s Istanbul Stock Exchange National 100 Index closed up 4.12% at 11,478.13 points on Wednesday, November 4, its third straight session of gains. The BIST 30 index jumped 4.6% intraday, its biggest gain since May 22, while the exchange’s banking index closed up 5.15% at 15,808.40. Turkish stocks were the best performers among 92 global equity indices tracked by Bloomberg on the day.

TREE NEWS reports: Lumentum shares fell 10.6% and Marvell Technology dropped 7.7%, with both on track to close at their lowest levels since July 29 and May 12, respectively. The declines mark sharp single-session moves for the two semiconductor suppliers.

TREE NEWS update: Ukrainian President Volodymyr Zelensky arrived in Spain, where he will hold high-level meetings during the Ibero-American Summit. The visit comes as part of diplomatic engagements surrounding the summit. Further details of the meetings were not immediately disclosed.

TREE NEWS reports: The Philadelphia Semiconductor Index fell 3.01% intraday, with Micron down 4.91%, Intel down 4.29%, ASML down 3.23%, Broadcom down 1.67%, Nvidia down 1.62% and TSMC down 1.15%. Qualcomm rose 2.29% and AMD gained 0.32%, bucking the broader decline in chip stocks.

TREE NEWS update: Blast has shut down its Layer 2 network and is directing users to a recovery site, with DefiLlama data showing bridge assets at $6.51 million — roughly 84% below the level reported on Oct. 26. The shutdown marks the end of the Ethereum Layer 2’s operations, and users are being pointed to the recovery site to address assets held on the network.

TREE NEWS update: US Vice President JD Vance said everyone knows why the Republican Party lost the midterm elections, attributing the defeat to war. “I still have hope for our country,” Vance said, adding that “the reason we failed is the war.” The remarks were made in a statement that did not specify which conflict he was referring to or when the comments were delivered.

TREE NEWS update: The Capital Markets Association of Turkey told asset management firms that shares sold on Nov. 3 were worth 12.7 billion lira ($254 million). The shares were offered at that day’s closing prices in 20 equal-sized block packages, each valued at 636 million lira and containing all 30 stocks in varying quantities.

TREE NEWS update: Binance has expanded its proof-of-reserves coverage to 44 tokens following a hack, saying it has replenished about 98% of affected assets. The exchange’s new cryptographic proof remains unfinished and withdrawals are not fully reopened.

TREE NEWS update: TC Ziraat Bankasi AS and Turkiye Is Bankasi AS, the banks overseeing the liquidation of a Turkish fund, sold about $254 million of blue-chip stocks via private placement to investment and pension management companies on Tuesday. The off-exchange sale removes a major source of uncertainty for investors who had been watching how the liquidated fund’s holdings would be sold and whether a large-scale selloff would hit the market.