Flash News

TREE NEWS reports: European natural gas prices rose to their highest level since December 2022, with benchmark Dutch front-month futures up 1.8% at €85.89 per megawatt hour. The contract gained for a sixth straight session, bringing the month-to-date increase to more than 18%, as the ongoing Middle East conflict clouds the supply outlook for the coming months.

TREE NEWS update: The Saudi-led coalition said it intercepted two missiles launched by the Houthis, the coalition announced. No further details on the interception, target location or damage were given. The Houthis have repeatedly fired missiles and drones toward Saudi territory amid the conflict in Yemen.

TREE NEWS reports: Wells Fargo reported third-quarter net income rose 6.5% to $5.95 billion, or $1.87 per share, beating analysts’ adjusted estimate of $1.84. Revenue grew 2% to $21.9 billion. Credit loss provisions were $1 billion and net charge-offs $983 million, both better than Bloomberg-compiled analyst expectations. CEO Charlie Scharf said consumer and business clients remain in good shape despite mixed confidence and economic uncertainty.

TREE NEWS reports: JPMorgan Chase reported a 4% year-over-year decline in fixed-income trading revenue for its third fiscal quarter, the first drop in more than two years. Total trading revenue reached $10.3 billion, below analysts’ $10.5 billion estimate. CEO Jamie Dimon cited large fiscal deficits, sticky inflation, elevated asset prices, rising rates and geopolitical conditions as factors still shifting beneath the surface.

TREE NEWS update: Shanghai’s municipal government published its 15th Five-Year Plan for energy conservation, carbon reduction and circular economy, requiring new computing facilities to keep power usage effectiveness (PUE) at or below 1.2. The plan supports integrated use of liquid cooling, high-efficiency servers, green energy and AI-based energy-saving control models, and explores subsea data centers paired with offshore wind. Existing computing, base station and equipment-room infrastructure will undergo efficiency upgrades.

TREE NEWS reports: US major indexes closed higher in the week to October 9, with the S&P 500 up about 1.2% to 7,811.54 and the Dow up 0.9% to 51,654.95, while AI chip stocks fell as Nvidia dropped about 2.00% to $229.28 and AMD about 4.07% to $608.10. September CPI is due October 14, PPI and retail sales October 15, with JPMorgan and Goldman Sachs reporting October 13, and TSMC’s quarterly call on October 15.

TREE NEWS update: JPMorgan expects fourth-quarter net interest income of approximately $28 billion and full-year net interest income of about $106.2 billion, above the $105.28 billion market estimate. The bank also guided full-year adjusted expenses to roughly $108.6 billion, up from its prior outlook of about $107.5 billion.

TREE NEWS reports: Federal Reserve Bank of Chicago President Austan Goolsbee said the artificial intelligence boom is beginning to drive prices higher. The remark points to AI investment and demand as an emerging source of upward price pressure, a factor the Fed weighs as it sets interest rates.

TREE NEWS update: Industrial and Commercial Bank of China Chairman Liao Lin met Wim Mijs, chief executive of the European Banking Federation, on Oct. 12, 2026, ICBC said. The two sides discussed deepening China-Europe financial cooperation to support trade and investment flows, renminbi internationalization and the digital and intelligent transformation of banking. Senior officials from ICBC’s international and technology departments and its Brussels branch attended.

TREE NEWS update: Xiangtan Electric Manufacturing Co. said it expects attributable net profit of 10 million to 14 million yuan for the first three quarters of 2026, down 93.02% to 95.01% year on year, with non-recurring net profit at a loss of 20 million to 26 million yuan. The company attributed the decline to lower product gross margins on falling selling prices and higher copper and silver raw material costs, along with increased R&D spending and reduced policy subsidies.

TREE NEWS update: Nuremberg Airport in Germany suspended air traffic at midday local time on October 13 after police launched an operation at the site. An airport spokesperson said the halt was prompted by an “as yet unconfirmed aviation emergency.” The situation is still being verified, and further details have not been released.

TREE NEWS reports: China Resources Land reported September contracted sales of about RMB15.50 billion, down 11.9% year on year, with contracted sales area of roughly 418,000 square meters, down 31.5%. For the first nine months of 2026, cumulative contracted sales reached about RMB164.60 billion, up 6.6% year on year, while cumulative sales area fell 22.0% to about 4.471 million square meters, the Hong Kong-listed developer said in an exchange filing.

TREE NEWS reports: JPMorgan reported third-quarter adjusted revenue of $50.91 billion, below the $51.37 billion market estimate. EPS came in at $5.57, or $5.75 adjusted, while FICC sales and trading revenue was $5.37 billion against a $6 billion forecast. Equities sales and trading revenue reached $4.95 billion, beating the $4.47 billion estimate. JPMorgan shares fell nearly 3% in premarket trading.

TREE NEWS update: Jio Platforms’ initial public offering has attracted more than $20 billion in subscriptions, the Indian telecom operator’s listing drawing demand well beyond the deal size. The figure covers bids placed for the IPO, which marks one of India’s largest share sales. No pricing or listing date was given in the material.

TREE NEWS reports: Wells Fargo reported third-quarter revenue of $21.87 billion, below the $22.31 billion market estimate, with earnings per share of $1.87. Net interest income came in at $12.52 billion, also short of the $12.59 billion consensus. The bank’s shares edged higher in pre-market trading.

TREE NEWS update: South Korea’s Ministry of the Interior and Safety announced on October 13 that core government departments — including the foreign, unification and defense ministries — will move from Seoul to Sejong Special Self-Governing City no later than 2031. The relocation will affect nearly 10,000 civil servants.

TREE NEWS reports: Bitcoin clawed back about $2,500 overnight to trade near $83,700 following a $771 million crypto liquidation wave. The rebound came as Korean chipmakers dragged the KOSPI below 6,000, one day before the U.S. releases its September inflation data.

TREE NEWS reports: Brent crude fell 2.0% intraday to trade at $104.48 a barrel. The move marks a session decline for the global oil benchmark, with the price quoted at $104.48 per barrel at the time of the drop.

TREE NEWS update: Brent crude fell 2.0% in intraday trading, changing hands at $104.48 a barrel. The move represents a session decline for the global oil benchmark, with the price at the time of the drop standing at $104.48 a barrel.

TREE NEWS reports: Brent crude traded down 2.0% in intraday trading at $104.48 a barrel. This marks a session decline for the global crude benchmark, with the price at the time of the drop recorded at $104.48 a barrel.