TREE NEWS reports: Shanghai silver fell nearly 3% at the opening of China’s night futures session, leading declines across energy and industrial commodities. Pure benzene, styrene, low-sulfur fuel oil, paraxylene, coke, Shanghai tin, soybean No. 2, coking coal, palm oil and fuel oil each dropped more than 1%. Pulp rose over 1%, with glass, caustic soda and liquefied petroleum gas also gaining.
TREE NEWS update: Tianzhi Fund Management Co. appointed Ji Dakun as chairman, effective October 29, 2026, the company said in an announcement, filling a post that had been vacant for nearly eight months. Ji, 44, comes from a trust-company background. The appointment was disclosed in a company filing.
TREE NEWS update: Israel’s right-wing Likud party, led by Prime Minister Benjamin Netanyahu, said on the 28th that Arab Israeli parties “stole” votes through illegal means in the parliamentary election that just ended, and called on police, the Shin Bet security service and the Central Elections Committee to investigate. The party did not provide evidence for the allegation.
TREE NEWS update: The loan balance under Shanghai’s “Five Major Articles” framework rose 11.6% year-on-year as of the end of September, consistently outpacing overall loan growth, Zhou Peng, deputy director of the monetary and credit research department at the People’s Bank of China’s Shanghai headquarters, said at the bank’s fourth-quarter 2026 press conference and a special Shanghai financial “Five Major Articles” briefing.
TREE NEWS reports: The US economy grew 3.4% in the third quarter, exceeding expectations and marking the fastest pace in a year, driven by strong business spending tied largely to artificial intelligence-related investment. Equipment spending contributed to GDP at the largest rate since 2011, excluding the pandemic rebound. Household spending remained robust, rising 3.8% annualized for a second consecutive quarter, even as consumer sentiment sits at historic lows over cost-of-living concerns.
TREE NEWS update: Guojin Jiaze New Energy REIT completed its fund unit offering, issuing 300 million units at RMB 3.487 each to raise RMB 1.046 billion. The product is Ningxia’s first public REIT, with underlying assets consisting of two onshore wind projects with a combined installed capacity of 117.5 MW.
TREE NEWS reports: The European Central Bank is widely expected to keep interest rates unchanged at 2.5% this week, with attention shifting to whether it will raise rates for a third time this year in December. Investors will focus on the ECB’s guidance on the 2028 inflation path, its response to soaring French sovereign bond yields and energy prices, and any signal on pausing quantitative tightening or deploying the Transmission Protection Instrument. President Christine Lagarde will face questions on her early departure at the press conference.
TREE NEWS reports: US Treasury prices held steady following the release of US economic data. The data did not trigger a significant move in government bond markets, leaving yields little changed. No further details on the specific indicators or market reaction were provided.
TREE NEWS reports: STAR Market broad-based ETFs attracted a net inflow of RMB 18.7 billion in the week to October 28, with the STAR 50 ETF alone taking in RMB 16.7 billion. The figures indicate sustained incremental capital moving into the Shanghai tech board’s flagship index products.
TREE NEWS reports: Bitcoin ETFs have turned positive for the month after pulling in more than $400 million in inflows this week, setting up what could be a strong November. The reversal comes as hedge funds have exited the BTC ETF trade and sovereign wealth funds have stepped in as buyers.
TREE NEWS reports: The US PCE price index rose 3.6% year-on-year in September, in line with the 3.6% forecast and up from 3.4% in the prior reading. The acceleration in the Federal Reserve’s preferred inflation gauge comes as markets weigh the path of interest rates.
TREE NEWS reports: US third-quarter real GDP rose at an annualized 3.4% in the initial estimate, topping the 3.2% consensus and accelerating from 2.2% in the prior quarter. The preliminary reading showed growth picked up pace in the three months through September.
TREE NEWS reports: US real personal consumption expenditures were unchanged month-over-month in September, missing expectations of a 0.1% gain and slowing from a 0.6% increase in the prior reading. The flat reading points to a stall in inflation-adjusted consumer spending at the end of the third quarter.
TREE NEWS reports: US personal income rose 0.2% month-over-month in September, missing the 0.3% consensus estimate, with the prior reading unchanged at 0.2%. The figure is the latest data point on household earnings as markets weigh the path of Federal Reserve policy.
TREE NEWS reports: US initial claims for unemployment benefits totaled 194,000 in the week ending October 24, unchanged from the prior week and below the 198,000 economists had expected. The reading keeps claims near historically low levels.
TREE NEWS update: The US releases its first estimate of third-quarter GDP, September personal consumption expenditures (PCE) and initial jobless claims for the week ended Oct. 24 at 20:30 Beijing time. The data covers third-quarter growth, the Federal Reserve’s preferred inflation gauge for September and the latest weekly labor-market reading.
TREE NEWS update: The Hong Kong Monetary Authority said the Federal Reserve’s decision to keep its target range at 3.75%–4% was in line with market expectations, and that Hong Kong’s currency and financial markets are operating in an orderly manner. The HKMA noted the wide interest-rate gap between the Hong Kong dollar and the US dollar could allow carry trades to gradually weaken the local currency, but said the direction of the exchange rate and interbank rates remains subject to considerable uncertainty.
TREE NEWS update: Russian presidential aide Yuri Ushakov confirmed on October 28 that Moscow is in talks with the US government over lifting sanctions on the Russian Direct Investment Fund, the country’s sovereign wealth fund. Ushakov said the consultations have been ongoing for some time, with Kirill Dmitriev, the fund’s head and Russia’s special presidential representative for foreign investment and economic cooperation, in active contact with the US side. No timeline for a result was given.
TREE NEWS reports: Global smartphone shipments fell 20% year-on-year to 254.7 million units in the third quarter of 2026, the lowest level since 2013. Rising prices curbed consumer demand, with emerging markets hardest hit. Samsung and Apple led market share while Xiaomi, Oppo and Vivo posted sharp declines. Omdia expects full-year 2026 shipments to drop 12%, with the market continuing to shrink in 2027 at a slower pace as cost pressures persist.
TREE NEWS reports: European investors ranked cryptocurrency above retirement plans as a vehicle for lasting wealth creation. The finding contrasts with prior surveys showing US investors are skeptical about crypto’s role in retirement accounts. The survey did not disclose the number of respondents or the margin of error.