Flash News

TREE NEWS reports: FTSE China A50 index futures closed the overnight session down 0.04% at 13,707 points. The marginal decline in the Singapore-traded contract, which tracks the 50 largest A-share companies on the mainland, reflects a quiet overnight session for Chinese equity exposure.

TREE NEWS update: An attorney for Federal Reserve Governor Lisa Cook publicly condemned the new investigation opened against her by President Donald Trump in recent days. In a letter to the White House, the lawyer said Cook cannot meet Trump’s demand that she appear at a White House hearing on November 5.

TREE NEWS reports: In late New York trading on Tuesday, October 13, S&P 500 futures finished roughly flat, while Dow futures fell 0.34% and Nasdaq 100 futures dropped 0.33%. Russell 2000 futures slipped 0.32%, leaving the small-cap index the weakest of the four benchmarks on the session.

TREE NEWS update: Airstrikes by warplanes of the Saudi-led coalition hit multiple fuel facilities in Yemen’s western Hodeidah province on 13 March, killing two people and wounding two others. The strikes targeted fuel infrastructure in the province, the broadcaster said.

TREE NEWS update: Israel announced it is resuming its free trade agreement with Colombia. The announcement restores the trade pact between the two countries. No further details were immediately provided. The move re-establishes the bilateral trade framework.

TREE NEWS reports: Spot gold fell 0.31% to $4,159.37 an ounce at Tuesday’s New York close, after spiking to a session high of $4,200.54 at 13:18 Beijing time. Spot silver dropped 1.85% to $59.14 an ounce, extending losses from 16:00. COMEX copper slipped 0.3% to $6.7270 a pound, while the Philadelphia Gold and Silver Index closed down 1.73%.

TREE NEWS update: Federal Reserve official Collins said she is examining the economy from a holistic perspective when weighing the future direction of interest-rate policy, and is watching the breadth of inflationary pressure in the data. She said economic uncertainty is high and that officials are fully aware higher rates may pose challenges. Collins added the Fed is not reconsidering its 2% inflation target, and its economic models already account for the level of government debt.

TREE NEWS reports: Emerging-market stocks posted their worst single-day performance since July, with the MSCI Emerging Markets Index dropping 2.2% as investors sold off AI-related shares including those in South Korea. The developing-nation currency index slipped 0.3%.

TREE NEWS update: Saudi Aramco’s headquarters in Dhahran was struck by Yemen’s Houthi movement on Tuesday. The material gives no further detail on casualties, damage or operational impact.

TREE NEWS update: The Saudi-led coalition said it intercepted and destroyed a drone over Riyadh. The coalition announced the interception in a statement, giving no further details on the drone’s origin, the damage caused or any casualties. Riyadh has repeatedly been the target of drone and missile attacks attributed to Houthi forces in Yemen.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said Russia fired a ballistic missile that struck Kyiv’s CHPP-4 combined heat and power plant. The main targets of Russia’s latest operation were energy infrastructure and CHPP-4, he said. No further details on damage or casualties were given.

TREE NEWS update: Bank of America said its third-quarter results will include a $1.2 billion non-tax-deductible expense, a company spokesperson said. The charge is expected to reduce net earnings per share by roughly 17 cents.

TREE NEWS reports: On Tuesday, October 13, most major US asset-class ETFs closed lower. The emerging markets ETF fell 0.62%, while the Barclays US convertible bond ETF and soybean fund dropped at least 0.51%. The Russell 2000 ETF, long-dollar index, Dow ETF and Nasdaq 100 ETF fell as much as 0.43%. Gainers included the 20+ year Treasury bond ETF, up 0.41%, the long-euro position, up 0.38%, and inflation-protected bond and long-yen positions, up as much as 0.19%.

TREE NEWS reports: Bank of England Governor Andrew Bailey said the longer inflation persists, the heavier the impact it will have, adding that second-round effects in the UK have so far remained contained. He also warned that the longer the energy shock lasts, the greater the damage it will inflict. Bailey did not give new figures or signal a policy change.

TREE NEWS update: The Reserve Bank of New Zealand will begin repurchasing government bonds maturing in April 2027, the central bank said. The buyback covers the April 2027 maturity line. No size, timing or pricing details for the operation were disclosed.

TREE NEWS reports: The three major US indexes closed lower, with the Dow down 0.37%, the Nasdaq down 0.28% and the S&P 500 down 0.01%. SPCX fell 4.17% and Micron (MU) dropped 3.99%, while MARA slid 3.44% and SKHY lost 3.10%. Meta (META) rose 2.80% and AMD gained 2.09%.

TREE NEWS reports: Federal Reserve official Collins said the US labor market is stable and consistent with the goal of full employment. The remark points to a labor backdrop the Fed views as broadly balanced, a factor that feeds into its assessment of the economy and the path of interest rates.

TREE NEWS reports: The S&P 500 closed down less than 0.1%, with healthcare down 1.3% and tech flat, while telecom rose over 0.9% and energy gained 1.7%; the biotech index fell 2.4%. The Nasdaq 100 slipped 0.3% as Applied Materials dropped 6.9%, Vertex lost 4.2%, and Cadence and SpaceX each fell 4.1%, while Meta gained 2.6% and Texas Instruments 2.1%. The Philadelphia Semiconductor Index fell 0.5% and a memory-chip gauge dropped more than 3%.

TREE NEWS reports: The Nasdaq Golden Dragon China Index ended provisionally up 0.2%, with Chinese ADRs mixed. Chagee gained 4.4%, Li Auto rose 3.2%, NIO added 2.5%, Xiaomi climbed 2.3% and Pinduoduo advanced 1.3%, while Alibaba edged up 0.2%. Among decliners, GDS Holdings, Pony.ai and Qifu Technology each fell more than 2%, and Zai Lab dropped 5.9%. The CQQQ ETF rose 0.3%, while KWEB slipped less than 0.1%.

TREE NEWS reports: The dollar fell against most major currencies in late New York trade on Tuesday, October 13, with EUR/USD up 0.38% at 1.1198 and GBP/USD up 0.35% at 1.3254. The Swedish krona gained 0.72% against the dollar and the Norwegian krone 0.44%, while the Indian rupee closed 0.52% higher at 95.2825, extending a three-session rebound worth 1.55%. The dollar slipped 0.25% against the Swiss franc to 0.8326.