Flash News

TREE NEWS reports: Germany’s September consumer price index came in at 3.3% year-over-year on a final basis, matching both the 3.3% preliminary reading and the 3.3% consensus expectation. The final print confirms no revision to the earlier estimate for Europe’s largest economy.

TREE NEWS reports: Blackstone President Jon Gray said fiscal pressures pose a more urgent risk to France, Britain and the rest of Europe than to the United States, speaking Tuesday at the Bloomberg New Economy Forum in New Delhi. Gray cited much lower growth rates and very large deficits in those economies, while noting the US is currently cushioned by an AI-driven growth boost that temporarily contains its rising debt burden.

TREE NEWS reports: Tongwei Co. and GCL Technology and other leading solar firms met in Hangzhou on Oct. 11 to discuss capacity controls, price floors for polysilicon and modules, and mutual oversight. 13. One of the two companies involved confirmed the report; the other said the meeting took place but that prices were not discussed, and that details of the circulating account differ.

TREE NEWS reports: The ChiNext Index extended its gain to 1%, with PCB, CPO, media and aerospace and aviation sectors leading the advance. Roughly 3,500 stocks across the market were up on the day.

TREE NEWS reports: Spot gold climbed above $4,200 an ounce, gaining 0.69% within the session. The move marks a fresh push higher for the metal, which has extended its record run as investors keep buying bullion. No further details were given in the market data.

TREE NEWS reports: China’s autumn grain harvest has passed 60% nationwide, the Ministry of Agriculture and Rural Affairs said in its latest crop monitoring update. Huang-Huai-Hai and northwest regions have exceeded 70%, the northeast and middle-lower Yangtze areas are past halfway, and south China stands at nearly 30%.

TREE NEWS reports: FTSE China A50 index futures reversed earlier losses to turn positive in afternoon trading. The move marks a recovery from a weaker morning session for the Singapore-listed contract tracking the 50 largest A-share companies on the Shenzhen and Shanghai exchanges.

TREE NEWS update: Bank of Japan Governor Kazuo Ueda said long-term interest rates are determined by the market, adding that the central bank will continue to closely monitor the bond market. Ueda also said the underlying inflation rate is very close to 2% and that stabilizing inflation around 2% is crucial.

TREE NEWS update: China Vanke said new-home sales during the 2026 National Day holiday met expectations across all regional companies. The developer said it maintained active selling and ensured adequate supply by front-loading inventory, while using on-site showings and open displays to lift conversion. Vanke acknowledged that disposing of its resource structure has become more difficult.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi said Japan will continue communicating with the United States to ensure stability in foreign exchange markets. The remark, made in a statement carried on the prime minister’s behalf, addresses currency-market coordination between Tokyo and Washington. No specific measures, timelines or currency levels were disclosed.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs announced on the 13th the establishment of the country’s first important habitat for Bryde’s whales, located off Weizhou Island in Beihai, Guangxi. The protected area covers 335.43 square kilometers and imposes an 8.5-month fishing ban, including a dedicated closure from December to April each year, on top of the South China Sea summer moratorium running May 1 to August 16.

TREE NEWS update: Germany releases final September CPI at 14:00 Beijing time, while Goldman Sachs, Citigroup, JPMorgan, Wells Fargo, Johnson & Johnson and UnitedHealth report earnings before the US open. Fed Governor Waller speaks at Bloomberg’s New Economy Forum on AI-era economic policy, and Chicago Fed President Goolsbee gives two interviews. OPEC publishes its monthly oil market report, Apple holds a smart-home product launch, and US September existing-home sales and government budget data are due.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi said now is the time to implement responsible and proactive fiscal policy. The remark, made without further specifics, signals the government’s stance on fiscal management under her administration. No additional details or figures were provided.

TREE NEWS update: Wang Yufei, vice president of the Dalian Commodity Exchange, said on October 13 at the International Industry Conference’s ferrous industry forum that the exchange is continuing work to list scrap steel futures and is refining the contract rules. The DCE is expanding its product lineup across steel raw materials, coking and other industrial chains to provide risk-management tools.

TREE NEWS update: China Aerospace Science and Technology Corporation will exhibit reusable and heavy-lift rockets at this year’s Airshow China, with new exhibits expected to account for more than 70% of its display. The CZ-10B and a sea-based net recovery system will make their debuts, marking the largest showing of the group’s heavy-lift and reusable rockets at the event.

TREE NEWS update: China’s central bank has approved Visa to prepare a bank card clearing institution in the country. The approval moves the global payments network a step closer to operating a domestic bank card clearing business in China. No further details on the timeline or scope of the preparation were disclosed.

TREE NEWS reports: Bank of England Monetary Policy Committee member Greene said it is difficult to predict where the global bond market’s “tipping point” for tolerating government borrowing levels will be, adding that she is closely monitoring the issue. Greene did not specify a level or timeline for any such threshold.

TREE NEWS reports: IMF economist Vamvakidis said a pullback in AI markets would affect the real economy, though the severity would depend on the specific circumstances. He did not specify a timeframe or scale for any potential correction. The comments address the spillover from AI asset valuations into broader economic activity.

TREE NEWS reports: China’s Shanghai Composite Index ended the morning session at 3787.16, down 0.27%, while the Shenzhen Component fell 0.78% to 12288.40. The ChiNext Index dropped 0.95% to 2935.54, the CSI 300 slipped 0.57% to 4263.40, and the STAR 50 lost 0.68% to 1417.07. The CSI 500 and CSI 1000 each declined 0.70% and 0.68%, closing at 7043.02 and 6974.00 respectively.

TREE NEWS reports: China’s three major A-share indexes fell at the midday close on October 13, with the ChiNext Index down 0.95%, the Shenzhen Component down 0.78% and the Shanghai Composite down 0.27%. More than 3,500 stocks declined across the Shanghai, Shenzhen and Beijing exchanges, while combined morning turnover reached 1.02 trillion yuan. PCB concept stocks rose against the trend, with Xiehe Electronics, ChaoSonic Electronics and Aohong Electronics hitting the daily limit.