TREE NEWS reports: UK two-year government bond yields fell 4.7 basis points to 4.897% on Thursday, touching a session low of 4.855% at 21:35 Beijing time. The 10-year gilt yield dropped 2.7 bps to 5.294%, also hitting an intraday low of 5.249%, while the 2/10-year spread widened 1.937 bps to +39.507 bps. Thirty-year yields slipped 0.5 bps and 50-year yields 0.1 bps.
TREE NEWS reports: President Donald Trump and his aides helped Brazilian politician Jair Bolsonaro flee to the United States, The New York Times reported. The report names Trump and members of his staff as assisting Bolsonaro’s departure to the US. No further details on timing or method were provided in the material.
TREE NEWS reports: ICE UK natural gas futures closed down 2.95% at 241.400 pence per therm in late European trading on Thursday, October 29, after touching 235.700 pence at 17:27 Beijing time. TTF Dutch benchmark gas rose 0.15% to 98.652 euros per megawatt-hour, having hit 100.938 euros at 08:02 and slipped to 95.601 euros at 17:25. ICE EU carbon allowance futures gained 0.31% to 89.38 euros per tonne.
TREE NEWS update: Microsoft’s large debt issuance attracted more than €115 billion in investor demand, the company said. The order book underscores strong appetite for high-grade corporate paper from one of the world’s largest technology companies. The offering size and pricing were not disclosed in the material.
TREE NEWS reports: The MSCI Nordic Countries Index rose 0.8% to 404.45 on its fifth consecutive trading day of gains, its highest close since Aug. 28. Nordic industrials led the advance among the index’s ten sectors. Defense stock Kongsberg Gruppen ASA jumped 13.0%, the biggest gainer among Nordic constituents.
TREE NEWS update: EU Commissioner Jorgensen said the bloc is not concerned about the security of oil and gas supply, but rather about people’s difficulty paying their bills. EU member states reaffirmed their commitment to accelerate the release of 42.6 million barrels of oil reserves. Half of the oil released over the coming months will be diesel.
TREE NEWS update: Canadian Prime Minister Mark Carney said European Central Bank President Christine Lagarde has made many contributions to the global economy. Carney made the remark in comments that offered no further detail. The statement places the Canadian leader’s assessment of Lagarde’s tenure on the record.
TREE NEWS reports: Bitcoin is trading close to the average price paid by U.S. spot ETF holders, Glassnode data shows, with roughly 4 million BTC acquired above $85,000 potentially acting as overhead supply that could cap a recovery. The analysis comes a day after the Federal Reserve held interest rates steady.
TREE NEWS reports: Germany’s DAX 30 index rose 1.47% to 26,080.72 in preliminary trading, with Adidas, Rheinmetall, Deutsche Bank, Bayer, Airbus and Merck leading gains while SAP was among the few decliners. France’s benchmark index climbed 1.30%, led by Renault, Dassault Systèmes, Safran, Airbus, Thales, ArcelorMittal, Danone and Saint-Gobain, with Stellantis and Pernod Ricard lower. Italy’s index gained 0.5% and the UK’s rose 0.35%.
TREE NEWS reports: The pan-European STOXX 600 index closed 0.87% higher at 649.76, recovering from an early decline. The euro zone’s STOXX 50 rose 0.78% to 6,215.98, and the FTSE Eurofirst 300 gained 0.90% to 2,592.10.
TREE NEWS reports: UK public inflation expectations for the coming year fell to 4.2% in October from 4.5% in September. Longer-term inflation expectations also eased, dropping to 4.0% in October from 4.3% the previous month.
TREE NEWS update: Canadian Prime Minister Mark Carney said the name of the new Canada-European Union alliance is not important, emphasizing instead the opportunities created by aligning with the EU. The remark came as Carney discussed the newly formed partnership between Canada and the EU.
TREE NEWS update: The US Department of Agriculture said it intends to purchase up to $472.5 million worth of US agricultural products, including $41 million of pork and $165.5 million of dairy. The department disclosed the planned procurement without specifying a timeline or the remaining product categories.
TREE NEWS update: Israel’s Central Elections Committee chairman, Orly Sorberi, has asked the Shin Bet security service to investigate suspected improper foreign funding influence in the parliamentary election held on 27 March. Shin Bet chief David Zini suspects foreign actors intervened, with intelligence cited by public broadcaster Kan indicating Qatar may have funded get-out-the-vote groups in Arab Israeli communities. Channel 12 reported the Shin Bet held the intelligence before the vote but did not inform the elections committee.
TREE NEWS update: Israel’s Central Elections Committee said on Oct. 29 that it has essentially completed counting the “double-envelope” special ballots from the country’s 26th Knesset election. The count covers ballots cast by voters such as soldiers, diplomats and others eligible to vote outside their home polling stations.
TREE NEWS reports: Freddie Mac reported that the US 30-year fixed mortgage rate averaged 7.24% last week, down from 7.32% the prior week, marking a second consecutive weekly decline. The drop in the benchmark home-loan rate eases borrowing costs for homebuyers amid elevated financing conditions.
TREE NEWS reports: The number of funds focused on Latin American equities has fallen to 226 from a peak of 660 in 2015, Scott Piper, who manages about $5 billion in stocks at Itaú Unibanco Asset Management, said. The MSCI Latin America benchmark remains 40% below its peak, the IPO pipeline has nearly stalled and investors including Will Landers argue the region is better traded as a hedge-fund bet than held as a long-term structural allocation.
TREE NEWS reports: Russia will extend its diesel export ban through the end of the year while permitting some companies to export fuel under a quota system. The move is intended to fulfill a new export commitment to the United States. The ban had been set to expire earlier, and the quota mechanism allows selected firms to continue shipments abroad.
TREE NEWS reports: Saudi Arabia’s Tadawul All Share Index closed down 1.02% at 9,921.50 points on Thursday, October 29, ending a three-session rebound. The benchmark had fallen to 9,438.50 on October 25, its lowest close since March 25, 2021, but still gained 2.33% for the week. Saudi Aramco fell 0.31% to 25.92 Saudi riyals, up 2.05% on the week, while the Saudi-listed Albilad CSOP MSCI Hong Kong China Equity ETF rose 0.18% to 10.91 riyals, up 0.93% weekly.
TREE NEWS reports: Bitcoin rose to $81,500 on Wednesday, returning to a key weekly resistance level, as US GDP data came in above expectations. US stock markets digested the print alongside Alphabet’s third-quarter earnings miss. The move put BTC price action back at a closely watched technical level.