Flash News

TREE NEWS update: The World Meteorological Organization confirmed on September 3 that an El Nino event has emerged and is expected to strengthen into a super El Nino within months. The UN agency said there is a near 100% chance the event will peak by end of 2024 and persist until February 2027. UN Secretary-General Antonio Guterres warned the world has entered a ‘danger zone’ for extreme weather, as climate experts note heightened risks due to global warming.

TREE NEWS reports: European natural gas futures posted strong weekly gains on Friday. ICE UK gas futures settled 1.03% higher at 179.830 pence/therm, up 6.73% for the week. The TTF benchmark Dutch gas futures rose 1.29% to 72.418 euros/MWh, gaining 9.24% on the week after hitting a high of 75.339 euros earlier. EU carbon permits settled 0.47% higher at 83.40 euros/tonne, up 1.45% for the week.

TREE NEWS update: BitMEX co-founder Ben Delo made two further donations totaling £4 million to the UK Reform party, on April 17 and April 30. The donations accounted for 75% of the party’s £5.33 million quarterly haul. Delo’s total donations this year reach £8 million, second only to Tether investor Christopher Harborne. All payments were in cash, not cryptocurrency.

TREE NEWS reports: MSCI Nordic Countries Index was roughly flat at 402.61 points. Among ten sectors, Nordic telecom was the biggest decliner. Biotech firm Novonesis Novozymes B fell 3.1%, the worst performer among Nordic stocks.

TREE NEWS reports: Germany’s DAX 30 index provisionally closed up 0.16% at 26,044.42 points on Friday, capping a weekly decline of about 1.9%. France’s CAC fell 0.08% provisionally, Italy’s FTSE MIB dropped 0.28% with banks down 0.68%, while the UK’s FTSE edged up 0.02%.

TREE NEWS reports: The pan-European STOXX 600 index closed provisionally up 0.16% at 650.11 points on Friday, but posted a weekly decline of about 0.7%, forming a V-shaped pattern. The eurozone STOXX 50 rose 0.22% to 6,396.07 points, down 1.3% on the week. The FTSE Eurofirst 300 gained 0.13% to 2,597.63 points.

TREE NEWS update: U.S. Commerce Secretary Howard Lutnick disclosed income of at least $250 million in his latest annual ethics filing, mostly from his prior stake in Cantor Fitzgerald. The filing shows he resigned from Cantor and hundreds of entities in February, the month he was sworn into office.

TREE NEWS update: The World Meteorological Organization confirmed on Sept 3 that an El Nino event has developed and is expected to intensify into a super El Nino within months. China’s National Climate Center forecasts above-normal autumn rainfall for most areas south of the Yangtze, with notably higher precipitation in Jiangnan and eastern Southwest China, raising the probability of extreme rainfall events. Temperatures are also expected to be significantly higher in eastern Southwest China and South China, with episodic heatwaves continuing through September.

TREE NEWS update: Ukraine’s SBU headquarters in Kyiv was struck by a Russian drone on April 4, President Zelensky said. Citing security concerns, US envoy Witkoff, planning to visit Russia and Ukraine, is considering alternatives as Ukrainian airspace remains closed, potentially altering his trip.

TREE NEWS reports: BlackRock portfolio manager Jeff Rosenberg said Friday’s strong US August jobs growth underscores the importance of next week’s consumer price index. He noted the data validates their labor market view and refocuses attention on inflation. Whether the Fed hikes in September depends on CPI progress, with inaction likely if the September 11 report shows improvement.

TREE NEWS update: Europe is the fastest-warming continent on Earth. Deputy Director Samantha Burgess told CCTV that climate change is acting as a ‘risk amplifier’ for extreme weather, as this summer brought heatwaves, droughts, low river levels and heightened wildfire risk across the region.

TREE NEWS reports: Bitcoin erased some gains and the Dow fell 226 points after August payrolls tripled estimates, pushing September rate-hike odds to 58%. The stronger labor market revives expectations for Federal Reserve tightening, pressuring risk assets.

TREE NEWS update: Pakistan’s military said on Tuesday that security forces killed 48 militants during counter-terrorism operations across southwestern Balochistan province over the past three days. In Mastung, six militants were killed and ammunition and improvised explosive devices were seized. In Quetta, 26 militants died at four hideouts, while 14 were killed in Kharan and two in Sibi, where an attack on a police station was foiled.

TREE NEWS update: Fujian province, with the Export-Import Bank of China’s Fujian branch, deployed its first batch of 500 million yuan in new policy financial instruments to support four private investment projects in transport, digital economy, and green low-carbon sectors, including port construction and recycling fiber projects. The move is expected to drive 5.6 billion yuan in investment.

TREE NEWS reports: Synthetic rubber futures closed up about 5.1% in the night session, while iron ore rose 1.5% and PVC gained 0.6%. Meanwhile, asphalt fell 0.6% and fuel oil dropped 2%.

TREE NEWS update: The Federal Reserve Board announced the termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp. The actions were lifted as of the announcement date. Specific terms of the original enforcement actions were not disclosed.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva stated that people cannot lose faith in institutions. His remarks come amid ongoing political tensions in the country. Lula emphasized the importance of institutional trust for democratic stability.

TREE NEWS update: White House Council of Economic Advisers Chair Chris Ferran said the manufacturing boom, driven by nonresidential construction, is real and reflected in data. Capital expenditure and employment figures both corroborate the trend, he stated, underscoring the sector’s resilience.

TREE NEWS update: The 32nd APEC Small and Medium Enterprises Ministerial Meeting concluded in Guangzhou on July 4, issuing the Chairman’s Statement and the Guangzhou Initiative on SME Innovation and Resilient Development. The meeting focused on fostering innovation and resilience among SMEs in the Asia-Pacific region.

TREE NEWS reports: BlackRock portfolio manager Jeff Rosenberg said Friday that August US job growth significantly exceeded expectations, highlighting the importance of next week’s consumer price index (CPI) data. The Fed is weighing rate hikes based on this data. Rosenberg noted that if the September 11 CPI report shows continued improvement, he expects the Fed to hold rates steady.