Flash News

TREE NEWS update: Russia’s military struck two cargo ships in the Black Sea, the Russian side said. No details were immediately provided on the vessels’ flags, cargo, crew or the timing of the strikes. The statement did not identify the ships or say where in the Black Sea the attacks took place.

TREE NEWS update: US President Donald Trump has threatened to stop providing certain funding to New York City. The move signals a potential escalation in the administration’s pressure campaign against the city. No specific funding programs or timeline were named.

TREE NEWS reports: Chicago grain futures fell sharply, with CBOT corn dropping more than 3%, after the USDA’s monthly stocks report showed the Trump administration raising production and supply expectations. The monthly report lifted projected output and supply, pressuring corn futures in Chicago trading.

TREE NEWS reports: Russia’s September CPI rose 0.35% month on month, exceeding the 0.30% forecast, with the annual rate at 6.35% versus 6.30% expected. Core CPI climbed 0.49% on the month and 5.47% year on year.

TREE NEWS reports: The US Department of Agriculture now expects US cotton ending stocks of 3.8 million bales, up from its previous forecast of 3.6 million bales and above analysts’ estimate of 3.46 million bales. The revised figure was published in the USDA’s latest supply and demand report.

TREE NEWS reports: The US Department of Agriculture forecast US total wheat ending stocks at 740 million bushels, above the analyst estimate of 721.57 million bushels and its own previous projection of 717 million bushels. The revision points to a larger-than-expected supply cushion for US wheat.

TREE NEWS reports: UK 10-year gilt yields fell 3.8 basis points to 5.442% in late European trading on Friday, October 9, ending the week 7.6 basis points higher after touching 5.521% on October 8. Two-year yields dropped 2.4 basis points to 4.890%, up 7.9 basis points on the week, while the 2s/10s spread widened 0.313 basis points to +55.079 basis points.

TREE NEWS reports: UK natural gas futures rose 3.17% to 201.870 pence per therm in late European trading on Friday, October 9, after touching 204.470 pence at 23:10 Beijing time, for a weekly gain of 7.69%. Dutch TTF benchmark gas futures climbed 4.62% to €81.182 per megawatt-hour, up 6.31% on the week. EU carbon emissions allowance futures edged up 0.16% to €87.02 per tonne, a weekly gain of 3.08%.

TREE NEWS update: The US military has withdrawn all B-1 bombers from Royal Air Force Fairford in the UK, the base it has used for decades to launch bomber missions into the Middle East. Further details of the emergency withdrawal have been disclosed, shedding light on the reasons behind the move.

TREE NEWS reports: Russia’s federal budget deficit for January through September amounted to 2.2% of GDP, TASS reported. The figure covers the first nine months of the year and puts the shortfall at just over two percent of economic output.

TREE NEWS update: Target denied any cooperation with U.S. Immigration and Customs Enforcement after Rep. Alexandria Ocasio-Cortez accused the retailer of opening a parking lot to ICE near its Bronx store following a shooting nearby. Ocasio-Cortez called for an independent investigation and demanded Target stop using its Bronx property as an “ICE private staging ground.” A Target spokesperson said the company has no cooperation agreement with ICE. Target (TGT) shares fell about 1% in early U.S. trading.

TREE NEWS update: Japan’s Ministry of Defense has finalized a policy to conduct research aimed at strengthening space transport capabilities and ensuring stable satellite intelligence-gathering operations. The ministry cites rising strategic importance of space as multiple countries expand military use of the domain. Within the current fiscal year, Japan plans to reorganize the Air Self-Defense Force into an ‘Air and Space Self-Defense Force.’

TREE NEWS reports: The MSCI Nordic Countries Index rose 1.4% to close at 391.12 points, its largest single-day advance since July 9. Among the ten sectors, Nordic industrials posted the biggest gain. Demant A/S climbed 6.2%, leading all Nordic stocks.

TREE NEWS update: US President Donald Trump said the situation over Iran will “end soon, one way or another,” adding that US energy prices will fall once the Iran war ends. He also said 28 million barrels of oil were shipped out of the Strait of Hormuz yesterday.

TREE NEWS update: US President Donald Trump said he will soon make a major announcement on diesel. He gave no further details on the timing or content of the announcement. The remark was made without additional context on policy measures or market impact.

TREE NEWS reports: Goldman Sachs strategists said they have not yet identified a catalyst that would trigger buying of French equities. The call, reported on Wednesday, leaves the bank’s stance on French stocks without a near-term trigger for a shift to bullish positioning.

TREE NEWS update: Police in Nigeria’s Kebbi state said a Chinese citizen and two local security personnel were killed in an attack on a construction site on the 8th. Armed men entered the area from neighbouring Sokoto state, and two other people were injured and taken to hospital. Police said they repelled a separate attack elsewhere in the state on the 8th, and security forces have been deployed to reinforce the area.

TREE NEWS reports: Germany’s DAX 30 closed up 1.20% at 25,105.20, trimming its weekly decline to roughly 0.5% after falling through October 6-8. France’s index rose 0.98%, Italy’s gained 0.99% with its bank index up 1.30%, and the UK index added 1.14%.

TREE NEWS reports: Europe’s STOXX 600 index provisionally closed up 1.04% at 632.03 points, leaving it about 0.1% higher for the week after sliding from Oct. 6-8. The euro STOXX 50 rose 0.89% to 6,181.93, paring some losses from Oct. 8-9 but still down 0.9% on the week. The FTSE Eurofirst 300 gained 1.03% to 2,524.87.

TREE NEWS reports: FCC Chairman Brendan Carr said he estimates spectrum transactions over the past two years have exceeded $100 billion. Carr added that “significantly more spectrum” is set to come to market. He also said he feels “good” about the current state of Disney’s litigation with the Trump administration.