Flash News

TREE NEWS update: MSCI has frozen its Turkey index, the index provider said. A final decision on the Indonesian market will be made before the end of June 2027. No further details or reasons for the freeze were given.

TREE NEWS reports: San Francisco Fed President Mary Daly said she is increasingly concerned about the persistence of inflation and less convinced the Fed can wait for repeated supply shocks to fade on their own. Her view has “absolutely” shifted from six months ago, when she favored the traditional central bank approach of looking through supply-driven inflation. Rate hikes fight inflation by curbing demand but cannot address supply-side problems.

TREE NEWS update: A senior US official said President Donald Trump has not ordered any restrictions on Ukraine’s use of SpaceX’s Starshield satellite technology. Asked on Thursday whether Trump had directed limits on Ukraine’s access to the Starshield system, the official said the president never made such a request.

TREE NEWS reports: Israeli Prime Minister Benjamin Netanyahu spoke by phone with US Secretary of State Marco Rubio on the 15th to discuss plans for a military strike on Iran, Israeli security officials said, citing Israeli and Western intelligence that Tehran is taking “extreme” military steps. Officials from both countries said the situation has not yet reached the point of requiring immediate military action. Trump has said he will not attack Iran before the November 3 US midterm elections, and Netanyahu has said he will not act before Israel’s October 27 parliamentary election.

TREE NEWS reports: On Thursday, October 15, gold ETFs rose 1.79%, while the 20+ Year Treasury Bond ETF and Russell 2000 ETF each gained 1.37%, the US Real Estate ETF added 1.21% and the Dow ETF climbed 1.08%. Barclays US Convertible Bond and US Investment-Grade Corporate Bond ETFs rose as much as 0.91%. The Nasdaq 100 ETF slipped 0.13%, the Brent oil fund fell 0.31%, the US Dollar Bullish Index dropped 0.41%, the Emerging Markets ETF lost 0.67% and the soybean fund fell 0.92%.

TREE NEWS reports: Alcoa reported third-quarter sales of $3.7 billion, below the $3.76 billion analysts expected. Adjusted EBITDA came in at $789 million versus a $738.4 million consensus, and adjusted earnings per share were $1.82 against an expected $1.49. The results show profitability ahead of forecasts even as revenue fell slightly short.

TREE NEWS reports: UniCredit is preparing a potential significant risk transfer (SRT) deal to hedge about €1 billion of German residential mortgages as the Milan-based bank expands in Europe’s largest economy. The lender is gauging investor demand for unfunded credit protection, people familiar said. UniCredit is also discussing a separate SRT tied to roughly €1 billion of Czech SME loans.

TREE NEWS update: The UN Security Council adopted a presidential statement on Yemen on the afternoon of October 15, issued by this month’s rotating president Greece, condemning in the strongest terms the Houthis’ continued attacks on Saudi Arabia, including strikes on civil aviation and energy infrastructure. Council members extended their deepest condolences to the families of the victims and to the Saudi government and people, and wished all the injured a speedy recovery.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed up 1.96% at 5,770.91, with US stocks rising sharply in early trading before trading in a narrow, elevated range for most of the session. Among Chinese ADRs, Baozun gained 9.7%, Yatsen rose 5.4%, Xiaomi added 5.1% and New Oriental climbed 4.9%, while NIO, JD.com, NetEase and XPeng rose as much as 2.7%. KWEB closed up 0.41% and CQQQ slipped 0.05%.

TREE NEWS reports: The S&P 500 closed provisionally up 0.3%, led by healthcare’s 2.1% gain, with materials, financials and consumer discretionary each up at least about 1.2%. Energy fell about 1.6% and tech lost 0.5%. The Nasdaq 100 slipped 0.1%, as AppLovin rose 6.7%, Autodesk and Intuit gained 6.2%, CoreWeave added 5.9% and Strategy rose 5.4%, while Nvidia fell 1.8%.

TREE NEWS reports: The euro gained 0.51% against the dollar to close at 1.1213 in New York on Thursday, October 15, after touching a session high of 1.1241 at 10:58 Beijing time during Asian morning trade and then holding a narrow range for most of the day. Sterling rose 0.62% to 1.3275, while the dollar fell 0.94% against the Swiss franc to 0.8271. Among commodity currencies, the Australian dollar dropped 0.74%, the New Zealand dollar rose 0.40% and the dollar fell 0.35% against the Canadian dollar.

TREE NEWS reports: The dollar fell 0.12% against the yen to 158.11 in New York trading on Thursday, October 15, with the pair moving between 158.35 and 157.55 during the session. The euro slipped 0.14% versus the yen, while the pound gained 0.48%. The yen rose 0.06% against the offshore yuan.

TREE NEWS update: At least six Indian asset managers, including Tata Mutual Fund, ICICI Prudential AMC, HDFC Mutual Fund, Aditya Birla Sun Life AMC and DSP, filed disclosures late Thursday restricting investor subscriptions to gold exchange-traded funds and related fund-of-fund products. Tata Mutual Fund said its temporary cap on large subscriptions to its gold ETF fund-of-fund starts October 16 and lasts until further notice. The companies gave no reason; the moves follow a weaker rupee and persistent demand for precious-metals exposure via ETFs.

TREE NEWS reports: Spot silver rose 3.0% intraday to $57.29 per ounce, extending its sharp advance in precious-metals trading. The move marks the latest leg higher for the metal, which has drawn heavy investor interest this year. No further details on the drivers of the session’s gain were immediately available.

TREE NEWS reports: The ICE US Dollar Index fell 0.44% to 102.097 in late New York trading on Thursday, October 15, after gapping lower and trading in a narrow range of 102.391 to 101.877. It pulled back from 102.945, the highest level since April 2025 reached the previous day when US CPI inflation data was released. The Bloomberg Dollar Index also dropped 0.3% to 1224.61.

TREE NEWS reports: CBOT soybean futures fell 1% to $12.6425 a bushel on Thursday, October 15, with soybean meal down 1.29% and soyoil up 0.18%. Corn slipped 0.52% to $4.7825 a bushel and wheat dropped 0.57% to $6.6925 a bushel. The Bloomberg Grain Subindex fell 0.70% to 32.0872 points, breaking below its 100-day moving average of 32.0955 and nearing its August 13 low of 31.28.

TREE NEWS reports: Wall Street veteran Jeff Currie said Brent crude has become little more than a “sentiment contract,” weakening its usefulness as a tool for managing price volatility. “Everything energy-related is rallying except Brent,” said Currie, founder and CEO of investment firm Real Macro, adding that the benchmark has “decoupled from the real world.” He said Brent’s roughly $106 a barrel does not reflect supply threats stretching from the Strait of Hormuz to the Black Sea.

TREE NEWS reports: Citi said it maintains a neutral view on aluminum prices in the short term, with investors increasingly shrugging off the current spot supply tightness and turning their attention to a possible supply surplus in 2027. The bank’s call frames the market’s focus as shifting from near-term physical constraints to longer-dated oversupply risk.

TREE NEWS update: India’s securities regulator reinstated an earlier settlement method for equity derivatives expiries, effectively decoupling the newly introduced closing call auction from futures and options price discovery after it triggered sharp volatility. In a circular issued Thursday evening, the Securities and Exchange Board of India said the settlement price for index and stock derivatives expiring that day will be based on the volume-weighted average price of the last 30 minutes of trading. The change takes effect December 7.

TREE NEWS reports: US money market fund assets declined to $7.92 trillion, the Investment Company Institute reported. The figure marks a drop in total money market fund holdings from the prior week’s level. ICI publishes weekly tallies of US money market fund assets.