Flash News

TREE NEWS update: Federal Reserve official Hammack said interest rates need to be raised further. The remark points to continued tightening rather than a pause, a signal that matters for rate-sensitive markets including crypto. No figure or timeframe was given.

TREE NEWS reports: The Bank of Italy said Italy’s plan to keep its budget deficit above 3% of GDP in both 2027 and 2028 could complicate the country’s exit from the EU’s excessive deficit procedure. Clearing the path out of the disciplinary process has been a long-standing goal of Economy Minister Giancarlo Giorgetti, which would mark the close of Rome’s fiscal consolidation effort.

TREE NEWS reports: The Crypto Fear and Greed Index has dropped to 56, down from an August peak of 82, as oil prices, bond yields and ETF outflows weighed on Bitcoin in October. The reading marks a return to pre-rally August lows for the sentiment gauge.

TREE NEWS update: TotalEnergies pledged to pass the proceeds from releasing France’s strategic diesel reserves directly to French consumers, offering home heating oil at a €200 per cubic meter discount from November 1, 2026 to January 31, 2027. Diesel will be discounted by about 10 euro cents per liter at the pump, while non-road diesel for farmers, fishermen and public works contractors gets a 20 euro cent per liter reduction.

TREE NEWS update: The International Organization for Migration said on October 12 that it has recorded 217,303 displaced people in Yemen since fighting escalated on the country’s west coast in early September. More than half of them, 55%, are in Taiz governorate.

TREE NEWS reports: Bitcoin fell 2.2% after failing to hold above $84,000 into the Wall Street open, pressured by rising oil prices as strikes involving Ukraine and Iran pushed crude toward a one-month high. The largest cryptocurrency stayed rangebound through the session, with the geopolitical escalation in energy markets weighing on risk assets.

TREE NEWS reports: ADNOC Logistics is in talks to take a stake in HEA at a valuation of $3 billion, the company said. The deal, if completed, would value the target at $3 billion. No further terms of the potential investment were disclosed.

TREE NEWS update: A majority of Greenland’s lawmakers voiced support during a Monday debate for the Arctic island’s latest security agreement with US President Donald Trump. Some opposition members questioned the deal’s economic value. The debate marks the legislature’s first formal response to the agreement.

TREE NEWS update: UK Prime Minister Burnham told parliament on the 12th that Britain will consider any further request for support from Saudi Arabia on a case-by-case basis. Saudi Arabia, recently hit by attacks from Yemen’s Houthi forces, has asked France, Britain, Pakistan and Egypt to supply air-defense systems to the region. Britain has already agreed to provide defensive air-to-air refueling support for a limited period.

TREE NEWS reports: LVMH’s chief financial officer said Middle East tensions continue to weigh on the group and that self-help measures are now the top priority. The luxury group’s CFO framed internal recovery efforts as its primary task amid the ongoing regional drag. No further figures or dates were disclosed.

TREE NEWS reports: The United States is threatening to stop supplying weapons to Ukraine to pressure Kyiv into halting deep strikes on Russian energy infrastructure, European officials said. Over the weekend, US officials called European counterparts and pressed Ukraine to end attacks on Russian refineries, threatening to cut intelligence sharing and the Ukraine Priority Requirements List mechanism, under which NATO European members fund weapons purchases for Ukraine. The White House declined to comment.

TREE NEWS update: UK Foreign Secretary David Miliband said Britain formally summoned Iranian ambassador Ali Mousavi over Iran’s alleged “malicious activities.” The government also sanctioned two Iranian nationals — Rouhollah Bazghandi, head of counterintelligence for the Islamic Revolutionary Guard Corps, and Shahram Ali Reza Tamarzad Jaki, accused of aiding the Zindashti criminal network. The measures freeze assets immediately, bar entry to the UK and disqualify both from serving as company directors.

TREE NEWS reports: UK 10-year gilt yields fell 0.5 basis points to 5.439% in late European trading on Monday, October 12, after touching a session low of 5.399% at 15:39 Beijing time before recovering. Two-year yields rose 1.8bp to 4.909%, while 30-year and 50-year yields each dropped 2.3bp. The 2s/10s spread narrowed 2.247bp to +52.881bp.

TREE NEWS reports: ICE raw sugar futures rose 2.5% intraday on Tuesday to trade at 20.76 cents per pound. The move marks a sharp single-session gain for the soft commodity contract on the Intercontinental Exchange.

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps Navy said on the 12th that it struck a large tanker in the Strait of Hormuz earlier that day. The vessel had switched off its navigation system and tried to leave the strait while ignoring warnings from Iranian naval forces. The IRGC Navy said it was the third large tanker struck in two days while attempting to exit the strait, and warned that any commercial ship or tanker cooperating with US forces in the strait and the Persian Gulf would face decisive action.

TREE NEWS reports: LVMH reported third-quarter organic revenue growth of 1%, below the 1.52% analysts had expected. Quarterly revenue came in at €18.5 billion, in line with the €18.5 billion consensus estimate. The French luxury group’s results, released Tuesday, showed its core sales expanding at a slower pace than forecast.

TREE NEWS update: The United States, Australia, Canada and other countries issued a joint statement warning Iran against any attempt to threaten, suppress, intimidate, harass, harm or coerce individuals on their territories, whether through proxies or by any other means. The statement follows a foiled attack in Fawford linked to Iran. The countries called such actions unacceptable.

TREE NEWS reports: France’s diesel demand dropped 7% year-on-year in September. The decline points to weaker consumption of the fuel in the country during the month. No further breakdown of the figures was provided.

TREE NEWS reports: The MSCI Nordic Countries Index rose 0.4% to close at 392.58, its highest close since Sept. 23. Among the ten sectors, Nordic industrials posted the biggest gain. Orion Oyj led individual Nordic stocks with a 3.8% advance.

TREE NEWS update: Bulgaria is asking the European Union and NATO to investigate a strike on a cargo vessel, the government said. The move puts a commercial shipping incident before both the bloc and the military alliance. No further details on the vessel, the damage or the timing were given in the statement.