Flash News

TREE NEWS reports: London Metal Exchange copper closed down $40 at $14,578 per tonne. Aluminium fell $14 to $3,039/t, zinc lost $26 to $3,732/t, nickel slipped $32 to $15,587/t and tin dropped $1,442 to $51,767/t. Lead was the sole gainer among the base metals, rising $18 to $1,902/t, while cobalt closed flat at $39,345/t.

TREE NEWS update: Russia’s Foreign Ministry summoned Belgian Ambassador Zherebzov on October 13, rejecting what it called increasingly numerous and unfounded claims by Belgium’s military and political leadership about a Russian threat. The ministry said the statements allege growing hybrid, sabotage and direct military threats from Russia against Belgium and Europe.

TREE NEWS reports: Bitcoin fell below $81,000 before buyers stepped in, with the Fear and Greed Index signaling traders remain unconvinced by the rebound. The dip came during a seasonally weak stretch that bulls are trying to shake off, leaving sentiment indicators still short of confirming a sustained recovery.

TREE NEWS reports: Houthi forces said Saudi warplanes carried out 104 airstrikes and missile strikes across Yemen in the past 24 hours, targeting civilian facilities in the capital Sanaa and the provinces of Dhamar, Taiz, Amran, Lahij, Jawf, Marib, Saada and Hodeidah. The Houthis said the attacks were flown by F-15 and Typhoon jets from Khamis Mushait and Taif air bases, with missile strikes launched from Najran, and caused civilian casualties. Total Saudi-led coalition airstrikes and missile strikes since the escalation began have reached 2,281.

TREE NEWS update: JPMorgan is marketing a new US investment-grade bond deal just hours after posting third-quarter results and projecting strong net interest income growth through 2027. The offering comprises up to three tranches with maturities of four and 11 years, each callable one year before maturity, a person familiar said. The longest tranche carries initial price guidance of about 115 basis points over Treasuries.

TREE NEWS reports: Citigroup shares extended losses to 3.8%, touching a fresh session low. The Philadelphia Stock Exchange KBW Bank Index fell 1.2% on the day. The move came as US bank stocks traded broadly lower.

TREE NEWS update: US President Donald Trump said on October 13 at the White House that the United States is still sharing intelligence with Ukraine and wants the Russia-Ukraine conflict to end as soon as possible. Responding to Republican lawmakers’ complaints about US-Russia diesel trade, Trump said Russian diesel goes to the global market, not only to the US, and that the global market has long suffered from high oil prices.

TREE NEWS reports: Germany’s 30-year government bond yield fell 2.6 basis points to 3.815% on Tuesday, October 13, during late European trading. The 10-year Bund yield slipped 0.8bps to 3.469%, trading between 3.426% and 3.474% after opening lower and climbing back. The 2-year yield dropped 0.3bps to 3.152%, with the 2/10-year spread narrowing 0.719bps to +31.089bps.

TREE NEWS reports: US crude oil inventories in the Strategic Petroleum Reserve held flat at 283 million barrels last week, the Energy Information Administration said. That marks the lowest level for the reserve since October 1982, as the SPR remains drawn down well below its historical capacity.

TREE NEWS update: Citigroup CEO said he expects higher interest rates will not weigh on investment in artificial intelligence. The remarks address whether tighter monetary conditions could slow the capital flowing into AI. No figures or specific projects were cited.

TREE NEWS update: A natural gas leak in the City of London on the 13th local time led to the precautionary evacuation of about 4,700 people. The London Fire Brigade said a ruptured main gas pipe was found in a six-storey office building. Authorities set up a 200-metre cordon and evacuated surrounding buildings as a precaution.

TREE NEWS reports: PIMCO chief investment officer Dan Ivascyn said US Treasury yields may have further room to rise and the Federal Reserve could hike rates one or two more times before the tightening cycle ends. Speaking on the sidelines of Grant’s Fall Conference, Ivascyn said he expects the Fed to hold rates steady later this month but sees scope for one more increase this year.

TREE NEWS reports: JPMorgan, Citigroup and Wells Fargo reported combined third-quarter net interest income of $56.5 billion on Tuesday, a fifth consecutive quarterly record, as customers kept borrowing despite higher rates. JPMorgan expects net interest income to rise further in 2027.

TREE NEWS update: European Commission President Ursula von der Leyen wrote to EU member state leaders on Oct. 13 calling for stricter migration policy and backing the deportation to Morocco of migrants who entered Spain’s North African enclave of Ceuta illegally.

TREE NEWS reports: The UK 10-year gilt yield rose 0.9 basis points to 5.449% in late European trading on Tuesday, October 13, after opening lower at 5.371%, a fresh intraday low, and then grinding back up. The two-year yield added 1.9 basis points to 4.920%, having dipped to 4.839%. The 30-year yield slipped 0.1 basis point, the 50-year gained 0.02 basis point, and the 2s/10s spread narrowed 1.018 basis points to +51.798 basis points.

TREE NEWS update: US President Donald Trump said he is confident Vladimir Putin wants to end the war in Ukraine more than Volodymyr Zelensky does, citing his dealmaking experience as the basis for that judgment. Asked by a reporter what made him so certain, Trump replied: “Through negotiation. All my life, what I’ve done is make deals.”

TREE NEWS reports: Guyana’s oil export schedule has exceeded 1 million barrels per day for the first time in the country’s history. The milestone marks a new high for the South American producer’s crude shipments.

TREE NEWS reports: ICE UK natural gas futures closed up 3.36% at 216.750 pence per therm in late European trading on Tuesday, October 13, trending higher through the session. TTF benchmark Dutch gas futures gained 3.30% to 87.045 euros per megawatt-hour. ICE EU carbon allowance futures slipped 0.36% to 88.02 euros per tonne.

TREE NEWS update: Goldman Sachs CEO David Solomon said artificial intelligence presents major opportunities alongside significant risks that must be carefully assessed and managed, adding the bank is staying selective about the activities it finances and the capital it commits. He said companies, developers and governments must work together, rejecting a choice between halting progress and advancing without guardrails. Solomon cited a forecast that US data center construction could require over $10 trillion in investment by 2032, with compute demand outpacing supply.

TREE NEWS reports: The MSCI Nordic Countries Index rose 0.4% to 394.15, its third consecutive advance and its highest close since September 23. Financials led the ten sectors tracked by the index. Verisure Plc. led individual Nordic stocks with an 8.4% gain.