Flash News

TREE NEWS update: US envoy Witkoff said the United States, the E3 European powers, the EU, Ukraine and NATO have held constructive talks covering security guarantees and Ukraine’s security. He reaffirmed a commitment to continue pursuing a diplomatic solution, saying several avenues for ending the Russia-Ukraine conflict were discussed.

TREE NEWS reports: FTSE China A50 index futures closed down 0.17% in continuous overnight trading, settling at 13,729 points. The move marks a modest pullback for the benchmark tracking the largest 50 A-share companies listed in Shanghai and Shenzhen.

TREE NEWS update: China launched the 27th batch of low-orbit satellite internet satellites at 3:27 a.m. on October 10 from the Hainan Commercial Space Launch Site, using a Long March 12 carrier rocket. The satellites entered their planned orbits and the launch mission was declared a complete success.

TREE NEWS update: US President Donald Trump said he believes there is “also a chance” on Capitol Hill, without specifying the legislation or vote involved. The remark was made in a statement carried on Wednesday. No further details or timeline were provided.

TREE NEWS reports: Spot gold rose 1.50% to $4,194.69 an ounce at the New York close on Friday, October 9, gaining 1.31% for the week after a sharp drop on October 7 and a strong rebound on October 9. COMEX gold futures ended the week up 1.41% at $4,221.10. Spot silver climbed 2.79% to $60.8222 an ounce, up 0.77% on the week, while COMEX copper gained 2.16% to $6.7105 a pound.

TREE NEWS update: The Saudi-led coalition said it is conducting wide-ranging military operations against Houthi personnel and military facilities in Yemen, and has destroyed 136 military targets in areas controlled by the Houthi militia. The coalition described the targets as belonging to what it called the terrorist Houthi militia.

TREE NEWS update: Russia’s permanent representative to the United Nations, Vasily Nebenzia, said Ukraine’s air defense systems are inefficient and caused a tragedy, while Kyiv is placing the blame on Russia. He made the statement at the United Nations.

TREE NEWS update: Russian President Vladimir Putin said in a phone call with US President Donald Trump that Russia is ready to supply oil and petroleum products to the United States and global markets, the Kremlin said on the 9th. The two leaders focused on prospects for resolving the Ukraine crisis and also discussed Iran and bilateral relations. Putin said the supply offer would have a positive impact on the global economy; both sides confirmed they will maintain direct contact.

TREE NEWS update: Ukraine’s foreign minister said easing sanctions on Russia would neither help achieve peace nor benefit global markets, arguing the only effective way to lower oil prices is an energy ceasefire. He said Ukraine is ready to implement a ceasefire in the energy sector immediately, and that Moscow can be forced to agree.

TREE NEWS update: The Reserve Bank of India announced measures to ensure the orderly functioning of the foreign exchange market. Authorized dealers are barred from letting users re-enter canceled INR-linked FX derivative contracts after the guidance, though rollovers at maturity remain allowed. The threshold for hedging contracted exposures without proving underlying risk falls from $100 million to $5 million, and a 20% FX Risk Retention Requirement applies to INR FX derivatives above $2 million equivalent.

TREE NEWS update: Moody’s upgraded Ghana’s sovereign credit rating to B3. The rating agency’s move lifts the West African country one notch, reflecting the assessment published in the rating action. No further details on the outlook or the prior rating level were given in the material.

TREE NEWS reports: Hurricane Isaias has shut in nearly three-quarters of oil production along the U.S. Gulf Coast, with producers suspending about 1.46 million barrels per day as of 12 p.m. ET Friday and evacuating workers from 129 platforms. The storm is pushing up crude prices in the region, while chartering a Very Large Crude Carrier to move U.S. crude to Asia now costs about $79 million, eroding the economics of U.S. crude exports.

TREE NEWS reports: Brazil’s small-cap stock index rose 20% this week, its best weekly performance on record, while the benchmark Ibovespa gained 8.8% over the same period. The small-cap gauge’s advance far outpaced the broader Brazilian market’s move for the week.

TREE NEWS reports: Gold ETFs closed up 1.57% on Friday, October 9, leading gains among major US asset-class ETFs. US real estate ETFs rose 1.45% and emerging-market ETFs added 1.06%, while Dow, convertible bond, S&P 500, Brent oil, soybean, Nasdaq 100, 20+ year Treasury and long-dollar ETFs gained as much as 0.87%. Agricultural funds, investment-grade corporate bond ETFs and long-euro ETFs fell as much as 0.12%, with long-yen down 0.26% and long-VIX down 1.45%.

TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russia is ready to supply additional volumes of diesel to the US market and all its partners as early as October. Exports are expected to rise further in November and December as refineries resume operations after maintenance. Russia’s domestic market will also receive sufficient diesel supply, Novak said.

TREE NEWS reports: US bank deposits totaled $19.693 trillion in the week ended last week, up from $19.638 trillion the prior week. The weekly increase of roughly $55 billion marks a continued expansion in deposit levels tracked by the central bank.

TREE NEWS reports: Asset managers turned net bearish on the Mexican peso in the week to October 6, the first time in 18 months. The shift marks a reversal in sentiment toward the currency after a year and a half of bullish positioning.

TREE NEWS reports: All 11 S&P 500 sectors closed broadly higher, with real estate, consumer discretionary and health care gaining as much as 1.88%. Information technology rose 0.36%, while energy slipped 0.18% and telecom fell 0.4%.

TREE NEWS update: S&P affirmed the United Kingdom’s ‘AA/A-1+’ sovereign credit ratings with a stable outlook. The ratings agency kept both its long-term and short-term scores for the UK unchanged. The stable outlook indicates no near-term change to the rating is expected.

TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index rose 1.20% on Friday, October 9, closing at 3,167.91 points. The gauge gained 0.66% over the week, with a sharp advance on October 6 followed by sustained declines on October 7 and 8.