Flash News

TREE NEWS reports: The secured overnight financing rate (SOFR) came in at 3.88% on October 7, down from 3.90% the previous day. The effective federal funds rate held at 3.88% on the same day, unchanged from the prior session.

TREE NEWS update: Ghana’s Health Minister Kwabena Akandoh said on the 7th that at least 450 suspected yellow fever cases were reported in the country between June and September, of which three have been confirmed. Akandoh said the ministry has strengthened surveillance and response measures and dispatched a national rapid response team to the Upper West Region, where most suspected cases were reported. He urged the public to remain calm and support the response effort.

TREE NEWS reports: Chinese biomass energy stocks rallied on October 8, with Zhuoyue Xinneng closing limit up and Haixin Energy Technology gaining 11.37%. Shandong Huanneng, Tianhao Energy and Fengbei Biology rose 4.01%, 4.58% and 5.06% respectively. The move followed multiple media reports that Thailand’s government is considering cutting biofuel excise taxes to lower prices and boost consumption.

TREE NEWS reports: Amos Hochstein, a former White House energy adviser under Joe Biden, said Thursday that escalating military action against Iran would “make more sense” after November’s midterm elections than before them. Hochstein, who served as Biden’s special presidential coordinator for global infrastructure and energy security, said the midterms largely reflect weakened presidential support caused by the war.

TREE NEWS reports: US wholesale inventories rose 0.5% month over month in August on a final basis, the Commerce Department reported, below the 0.7% expected and the 0.7% preliminary reading. The downward revision marks a slower pace of stockbuilding at the wholesale level for the month.

TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Academy of Sciences (CAS) signed a batch of cooperation agreements and major institute-enterprise projects at their 2026 annual consultation meeting in Beijing on the 8th. SASAC Director Cheng Fubo said more than 1,200 cooperation projects have been implemented and over 32 billion yuan invested since the two sides set up the annual mechanism in 2023.

TREE NEWS reports: Ray Dalio expects the global bond selloff to continue, saying governments and companies are competing for capital as rising debt issuance tests investors’ capacity to absorb it. “We are in a bond bear market, and I think that’s fairly clear,” he said, adding the market may have further to fall. Higher borrowing costs will eventually force credit and spending to contract, weighing on economic activity and potentially spilling over into stocks, though earnings growth is still supporting equities.

TREE NEWS reports: Billionaire investor Ray Dalio warned that stocks face mounting pressure from rising bond yields and weakening corporate cash flow, even as earnings keep growing. Equities have so far withstood the global bond selloff because earnings growth has kept their expected returns attractive relative to bonds. Dalio said that advantage will gradually erode, leaving stocks more vulnerable as financial conditions tighten.

TREE NEWS update: Chen Jianxin, former party secretary and president of the People’s Bank of China’s Jiangxi provincial branch, has taken over as director of the PBOC Credit Information Bureau, succeeding Ren Yongmei. Chen holds a doctorate in economics from Southwestern University of Finance and Economics and previously served as chief editor of Financial News, head of the central bank’s asset management division and deputy director of the Currency, Gold and Silver Bureau.

TREE NEWS reports: Chinese battery maker CATL holds 26,574 simple patent families filed over the past decade (October 2016 to September 2026), overtaking South Korea’s LG Energy Solution with 22,597. The roughly 3,900-patent lead marks the first time a Chinese battery company has topped the global decade-long patent count, and the most notable shift in the competitive landscape over that window.

TREE NEWS reports: WTO Deputy Director-General Johanna Hill said the world is in an AI development boom that centers on building AI economic systems and related infrastructure, including data centers, as well as practical AI applications expected to spread globally. She said WTO forecasts show AI adoption will drive global trade volumes up nearly 40% by 2040, helped by lower trade costs and higher productivity.

TREE NEWS update: Peruvian President Keiko Fujimori announced on the 7th the creation of a joint military-police command to address the country’s worsening crime problem. Speaking at a ceremony at army headquarters in Lima, Fujimori said the new command will lead operations against crime and will be paired with a large operations center to coordinate all law enforcement actions.

TREE NEWS reports: US stocks opened lower, with the Dow down 0.36%, the S&P 500 down 0.37% and the Nasdaq down 0.51%. Optical communications shares fell, as Coherent dropped more than 4% and Corning, Lumentum and Marvell Technology each lost over 3%. Wolfspeed rose 11% after securing a $1.5 billion conditional loan commitment from the US Department of Defense.

TREE NEWS reports: The S&P 500 opened 23.32 points lower, down 0.30% at 7,778.45. The Dow Jones Industrial Average opened down 74.83 points, or 0.15%, at 51,105.04, while the Nasdaq Composite opened 122.66 points lower, down 0.45% at 27,416.03.

TREE NEWS reports: Nvidia and Boeing shares each fell about 1% in premarket trading after disclosures that Donald Trump sold between $500,001 and $1,000,000 worth of stock in each company in August. The filings cover two separate positions, one in Nvidia and one in Boeing, with the sales dated to August.

TREE NEWS reports: The Netherlands has recorded 59 West Nile virus infections and 10 deaths so far this year, the National Institute for Public Health and the Environment reported on October 8. In the past week, the country added one death and three confirmed cases. The institute’s update covers the national total for the year to date.

TREE NEWS update: A United Nations agency warned on the 8th that El Niño will intensify over the coming months and peak in December, potentially ranking among the strongest such events since 1950. The agency said the climate pattern is set to strengthen further in the months ahead.

TREE NEWS update: French trade unions have called for a further strike on October 13. The call follows earlier industrial action in France. No further details on the scope or sectors involved were immediately provided.

TREE NEWS reports: The yield on France’s 10-year government bond fell 1 basis point to 4.86%, down from 4.97% previously. The move marks a modest pullback in French long-dated borrowing costs.

TREE NEWS update: Poland’s central bank governor said the bank currently holds 672 tonnes of gold and aims to raise its reserves to 700 tonnes. The figure was given as the central bank’s stated target for its gold holdings.