Flash News

TREE NEWS update: The Saudi-led coalition in Yemen warned civilians to evacuate a Houthi-controlled location in Sanaa before it takes action, a coalition spokesman said on X. Minutes later, Houthi spokesman Yahya Saree said any attack on Sanaa would draw a severe response against Riyadh.

TREE NEWS reports: US spot BTC ETFs saw $679 million in net outflows last week, including a record $485 million single-day outflow on Wednesday, the largest since June, CoinShares said in its biweekly market report. ETH ETFs bled $542 million over nine straight sessions, nearly $700 million cumulatively. Bitcoin briefly neared $87,000 on October 5 before falling to about $80,300 and rebounding to roughly $83,500. CoinShares said BTC’s correlation with the Nasdaq has recovered to its long-term average of about 40%, and flagged this week’s US CPI print as a key variable.

TREE NEWS update: Singapore has advised its citizens to defer all travel to Saudi Arabia. No further details were provided in the advisory. The notice covers all trips to the country.

TREE NEWS reports: Goldman Sachs reported third-quarter equity trading revenue of $6.44 billion, beating Wall Street estimates, though below the record $7.42 billion posted in the second quarter. Fixed income, commodities and currencies trading revenue came in at $3.47 billion, below expectations and down nearly 1% year on year. Investment banking fees reached $3.22 billion, above forecasts, while asset management fees set a record.

TREE NEWS update: Enjie Co. announced it expects net profit attributable to shareholders of RMB 1.54 billion to 2.05 billion for the first three quarters of 2026, compared with a loss of RMB 86.32 million a year earlier, a swing of RMB 1.626 billion to 2.136 billion. Non-GAAP net profit is expected at RMB 1.57 billion to 2.07 billion. The company cited a continued upcycle in the lithium battery separator industry, rebounding separator prices, higher sales volumes and an increased share of high-margin products.

TREE NEWS update: Vietnam began a trial visa exemption on December 12 for Chinese citizens travelling in groups of at least two people to Khanh Hoa province, allowing stays of up to 30 days. The policy runs through the end of 2027. Khanh Hoa is home to the coastal resort city of Nha Trang, a popular destination for Chinese tourists.

TREE NEWS update: Chinese President Xi Jinping put forward four proposals on advancing China-Africa mining cooperation during a meeting with Botswanan President Duma Boko at the Great Hall of the People in Beijing on the afternoon of October 13. Boko was on a state visit to China. Xi made the proposals at the meeting.

TREE NEWS reports: JPMorgan Chase CFO Barnum said the decline in FICC trading revenue is “normal ups and downs,” characterizing the move as routine volatility rather than a structural shift. The comment addresses the bank’s fixed income, currencies and commodities trading performance. No specific figures or time period were given.

TREE NEWS reports: US private-sector employment increased by an average of 24,750 jobs per week over the four weeks ending September 26. The weekly average figure from the payroll processor covers the period through late September.

TREE NEWS reports: US ADP employment rose by 24,750 on a weekly basis for the week ended September 26, up from a prior reading of 23,750. The latest figure marks a modest increase from the previous week’s revised level.

TREE NEWS reports: Russia’s crude oil output fell by 38,000 barrels per day in September to an average of 8.643 million bpd, OPEC said in its monthly report, citing secondary sources. The drop is far smaller than the revised 174,000 bpd decline recorded in August, as Russia exported more oil abroad while its refineries remained under pressure.

TREE NEWS reports: White House National Economic Council Director Kevin Hassett said markets have confidence in the Federal Reserve’s new chair, adding the Fed will bring inflation under control without killing the economy. Hassett also said the Fed may view slowing inflation as a reason to hold interest rates steady.

TREE NEWS update: China and Botswana issued a joint statement establishing a comprehensive strategic cooperative partnership, welcoming Botswana’s signing of the Belt and Road cooperation plan and a related memorandum of understanding. The two sides agreed to prioritize cooperation in trade and investment, mining, science and technology, the digital economy, green development, health, agriculture, water resources, talent training and cultural exchange, and to leverage Botswana’s geostrategic position in southern Africa to advance regional economic integration.

TREE NEWS update: The 2026 Nobel Prize in economics was awarded Monday to Robert E. Hall and Michael Woodford for their work on economic stability theory. Bloomberg columnist Jonathan Levin wrote Tuesday that Woodford’s research challenges Federal Reserve Chair Kevin Warsh’s preference for reducing the central bank’s forward guidance and policy transparency, arguing that how a central bank explains its decisions is itself part of how monetary policy works.

TREE NEWS update: Chinese President Xi Jinping held talks with Botswana President Duma Boko at the Great Hall of the People in Beijing on the afternoon of October 13. The two heads of state announced that bilateral relations would be elevated to a comprehensive strategic cooperative partnership. Boko is in China on a state visit.

TREE NEWS reports: OPEC raised its 2027 global oil demand growth forecast to 2.55 million barrels per day from a previous 2.36 million bpd, while cutting its 2026 projection to 180,000 bpd from 380,000 bpd. OPEC+ crude output averaged 39.07 million bpd in September 2026, up about 900,000 bpd from August. Saudi Arabia told OPEC its September output was 8.372 million bpd, up from 6.238 million bpd in August.

TREE NEWS update: Chinese President Xi Jinping met Togo’s Prime Minister Victoire Tomegah Dogbe in Beijing on October 13, during her official visit to China. The two leaders announced that bilateral relations will be elevated to a China-Togo community with a shared future for the new era.

TREE NEWS reports: The Baltic Dry Index, which tracks rates for ships carrying dry bulk commodities, fell 1.79% to 2,801 points. The decline marks a pullback in the benchmark gauge of global bulk shipping costs.

TREE NEWS reports: Saudi Arabia reported to OPEC that its crude output rose by a third last month, recovering from a more than three-decade low. Middle East oil exports returned to near pre-war levels as regional producers increased flows through the Strait of Hormuz. Saudi Arabia also restored shipments through a key pipeline previously hit by Yemen’s Houthis, allowing it to redirect exports to the Red Sea.

TREE NEWS reports: Citigroup reported third-quarter revenue of $23.85 billion, above the $23.72 billion market estimate. Earnings per share came in at $2.85. FICC sales and trading revenue was $4.39 billion versus an estimated $4.26 billion, while equities sales and trading revenue was $1.73 billion against an estimated $1.78 billion. Citigroup shares slipped slightly in pre-market trading.