Flash News

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.

TREE NEWS update: US President Donald Trump said he may ask Turkey to join action against Yemen. The remark, which gave no further detail on timing, scope or the form any Turkish participation would take, marks a potential widening of the US-led campaign. No response from Ankara was included.

TREE NEWS update: US President Donald Trump said he will make a decision on the Iran issue, without specifying what the decision entails or when it will be announced. No further details were provided.

TREE NEWS update: Republican members of the US Senate are pushing President Trump to pull out of a Russia diesel supply agreement that he announced himself. The move signals intra-party resistance to the deal. No further details on the agreement’s terms or timing were provided.

TREE NEWS update: US President Donald Trump said the United States is working with Russia to end the war, adding that he believes both Ukrainian President Volodymyr Zelensky and Russian President Vladimir Putin want the conflict to end. Trump made the remarks without providing further details on the diplomatic effort or any timeline.

TREE NEWS update: The US Treasury auctioned three-month bills at a high yield of 4.085% with a bid-to-cover ratio of 2.68. A separate auction of six-month bills drew a high yield of 4.2% and a bid-to-cover ratio of 2.76.

TREE NEWS reports: Bond market veteran Harley Bassman warned that a 20-year Treasury yield above 6% would be a “nightmare scenario,” potentially triggering a deliverable swap with an impact roughly equal to the Treasury auctioning $110 billion of 20-year notes over four months. In his Convexity Maven report, Bassman said CBOT futures deliverable switches may have contributed to the recent rapid rise in rates as traders holding large positions crowd through a narrow liquidity door.

TREE NEWS reports: Germany’s DAX 30 index closed provisionally 0.09% lower at 25,256.71. France’s index ended down 0.07%, while Italy’s index edged up 0.03%, with its bank index gaining 0.51%. The UK index closed down 0.04%.

TREE NEWS reports: Europe’s STOXX 600 index closed provisionally down 0.07% at 635.23, while the eurozone’s STOXX 50 fell 0.48% to 6,171.27, extending losses from 17:21 Beijing time. The FTSE Eurofirst 300 slipped 0.15% to 2,534.87.

TREE NEWS update: Nvidia CEO Jensen Huang said open-source models represent a “huge advantage” for Europe, pointing to the region’s opportunity to build on freely available AI technology. Nvidia has invested $8 billion in Europe over the past year, Huang said. The remarks underscore the chipmaker’s expanding footprint in European AI infrastructure.

TREE NEWS reports: France’s corn production is forecast at 7.3 million tonnes, down from a September estimate of 8.1 million tonnes, the agriculture ministry said, hit by repeated heatwaves and persistent drought. Output is roughly half of 2025’s level, with planted area down 28% and yields down 27% to the lowest in more than 30 years. Soft wheat was revised to 31.5 million tonnes, down 6% from 2025, and barley to 10.6 million tonnes, down 11%.

TREE NEWS update: Reserve Bank of India Governor said the central bank is determined to take all necessary measures to ensure orderly movement in the rupee and has introduced foreign exchange reserve requirements after observing excessive speculative long positions in the market. He said the recent RBI measures are not capital controls, and further steps to curb speculation will be considered if needed.

TREE NEWS update: Indian External Affairs Minister S. Jaishankar said Indian and US officials are “working through” negotiations on a trade agreement, adding that the trade dialogue is moving in the right direction. The remarks, made on Monday, signal continued engagement between the two sides on the pact. No timeline or terms of the deal were disclosed.

TREE NEWS update: Saudi Arabia’s cabinet said strikes launched by Yemen’s Houthi movement will bring consequences, in a statement issued without specifying retaliatory measures. The warning follows Houthi attacks that the cabinet characterized as requiring a response. No further details on timing or scope were given.

TREE NEWS update: Saudi Arabia carried out airstrikes on Sanaa on 13 May, hitting a Yemen Petroleum Company facility in the Sabaha district west of the Houthi-controlled capital and triggering a series of powerful explosions. The Houthis threatened retaliatory strikes on Saudi Arabia. No casualties have been reported and damage to the facility is not yet known.

TREE NEWS update: Goldman Sachs CEO David Solomon said on an analyst call that the bank has no ongoing succession plan, handover arrangement or timetable, and that he will not step down in the near term. Solomon said Goldman is well positioned in the large-scale AI investment wave, calling it the only financial institution at the center of AI financing. He added that M&A and IPO pipelines remain strong and that Goldman would consider another asset-management acquisition if financial terms and cultural fit are right.

TREE NEWS reports: German electricity prices for January rose above €200 per megawatt-hour, crossing the €200/MWh threshold. The move marks a sharp jump in Europe’s largest power market, where day-ahead and forward contracts are closely watched as a gauge of regional energy costs and industrial competitiveness.

TREE NEWS update: Russia’s Federal Security Service confirmed that a Japanese journalist has been detained in Moscow on suspicion of espionage, Interfax reported on October 13. The journalist’s identity and the specific allegations were not disclosed. No further details on the case were immediately available.

TREE NEWS reports: Fuel oil futures closed up about 2.1% in the night session, while iron ore fell 0.6% and low-sulfur fuel oil dropped 0.8%. The moves came in Chinese commodity futures trading, with the three energy and bulk materials contracts diverging on the night.

TREE NEWS reports: JPMorgan reported revenue of $50.2 billion and net income of $15.3 billion, both below analyst estimates, as fixed-income trading revenue fell 4% year over year. Equity trading revenue rose 49% to its second-highest quarter on record, driven by prime brokerage. The bank raised its fiscal 2026 guidance, lifting net interest income to $106.2 billion and expenses to $108.6 billion. CEO Jamie Dimon said the bank is “slightly tightening credit standards.”