Flash News

TREE NEWS update: Russian presidential press secretary Dmitry Peskov said on October 30 that there is currently no plan for a phone call between Russian President Vladimir Putin and U.S. President Donald Trump. Peskov’s statement was carried by CCTV. No further details on the timing or agenda of any potential contact were given.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility absorbed $4.375 billion on Friday, Oct. 30, from three counterparties, up from $353 million the previous trading day. The jump marks a sharp increase in usage of the central bank’s overnight liquidity-draining tool.

TREE NEWS update: European Commission President Ursula von der Leyen said the EU has reached agreement on Canada’s participation in a loan to support Ukraine. She added that the EU had hoped to discuss Canada’s full accession to the bloc but knew that was not possible. No loan amount or timeline was given.

TREE NEWS reports: The Nasdaq fell to a fresh intraday low, down about 3.5% on the day, after Blackstone told investors Anthropic may not receive an investment-grade rating immediately upon listing. US 10-year Treasury futures saw about 30,000 contracts trade in one minute, the session’s largest volume bar, consistent with buying; the contract rose from 106-14 to around 106-18, while the 10-year yield pared its gain to near flat.

TREE NEWS reports: US energy companies kept the number of active drilling rigs unchanged for a third consecutive week, oilfield services firm Baker Hughes reported. The flat reading extends a period of stability in US drilling activity. Baker Hughes did not specify the total number of rigs in the update.

TREE NEWS update: St. Louis Federal Reserve President Alberto Musalem said he is focused on preventing inflation from broadening. Musalem did not provide further details on the policy outlook or specific inflation measures in the remarks. The comment comes as markets watch Federal Reserve officials for signals on the path of interest rates.

TREE NEWS reports: The US oil rig count rose to 462 in the week ended October 30, up from 460 in the prior week. The two-rig increase marks a modest uptick in drilling activity. The count covers active oil-directed rigs in the United States.

TREE NEWS reports: International copper fell 1.07% in overnight trading, with Shanghai copper down 0.87%, Shanghai aluminum down 0.36%, Shanghai zinc down 1.16%, Shanghai lead down 0.4% and Shanghai nickel down 1.71%. Shanghai tin dropped 1.97%, the steepest decline in the session. Alumina bucked the trend with a 1% gain, aluminum alloy slipped 0.26% and stainless steel closed flat.

TREE NEWS reports: Dutch TTF benchmark natural gas futures rose 4.98% to 103.992 euros per megawatt-hour on Friday, bringing October gains to 43.21%. ICE UK natural gas futures climbed 5.46% to 256.490 pence per therm, up 38.85% for the month. ICE EU carbon allowance futures slipped 0.11% to 89.10 euros a tonne but still gained 4.72% in October.

TREE NEWS reports: US crude oil production rose by 19,000 barrels per day in August to 13.965 million bpd, up from a revised 13.946 million bpd in July, the Energy Information Administration said Friday in its monthly Petroleum Supply Monthly report. Total oil demand fell 2.9% year on year, or 618,000 bpd, to 20.595 million bpd. New Mexico set a monthly output record of 2.442 million bpd, up from 2.424 million bpd in July.

TREE NEWS reports: Tether reported $1.5 billion in net operating profit for the third quarter of 2026, flat versus the second quarter, bringing nine-month profit to $4.5 billion. Its reserves report, prepared by BDO, showed total assets of about $191.5 billion against liabilities of $183.5 billion as of Sept. 30, lifting excess reserves to roughly $7.955 billion from $4.1 billion at the end of Q2. Tether’s direct and indirect U.S. Treasury exposure reached $132.4 billion, while USDT in circulation held near $184 billion.

TREE NEWS reports: Reliance Industries, owned by billionaire Mukesh Ambani, reported a 40.6% surge in quarterly net profit, beating market expectations on strong energy and digital services performance. The group, which operates the world’s largest refining complex, processed record crude volumes in the quarter, sourcing from the Middle East and North America to limit the impact of Strait of Hormuz disruptions. Its digital arm Jio Platforms, which completed a large IPO earlier this week, posted 16.6% core profit growth.

TREE NEWS update: Canadian Prime Minister Mark Carney on Thursday called it a “historic day,” without further detail in the available remarks. The statement was made without additional context on the policy or event being referenced. No further specifics were immediately provided.

TREE NEWS update: Canadian and European Union leaders launched a forward-looking alliance. The statement announced the new partnership but did not specify its scope or timeline. No further details were provided in the announcement.

TREE NEWS update: Amazon has established a supplier financing arrangement allowing it to borrow up to $80 billion against the value of hardware it purchases, with the facility drawable at the company’s discretion from early 2027 through the third quarter of 2028. Lenders will receive security interests in portions of the acquired assets. Amazon’s third-quarter results showed capital expenditure growth exceeding expectations, pushing free cash outflow to $42.4 billion for the year through September 30.

TREE NEWS update: Canada and the European Union agreed in a joint statement to define the concept of a closer Canada-EU relationship that stops short of full membership before their 2027 summit. The two sides will work out the framework ahead of the meeting.

TREE NEWS update: German President Frank-Walter Steinmeier said he deeply admires China’s development achievements, noting that the country’s economic growth since reform and opening-up has been unprecedented in world history in both speed and scale. Steinmeier made the remarks during a state visit to China on October 29, speaking at Peking University in Beijing.

TREE NEWS reports: Germany’s DAX 30 closed provisionally down 0.94% at 25,795.31 points, leaving it up about 2.3% for October. Italy’s main index fell 1.06%, with its bank index down 1.45% and down about 11% on the month. France’s index slipped 0.19%, while the UK index edged up 0.01%.

TREE NEWS reports: The pan-European STOXX 600 index closed provisionally 0.46% lower at 646.04 points, leaving it up about 1.7% for October. The euro zone’s STOXX 50 fell 1.32% to 6,125.23, down about 2.2% over the month. The FTSE Eurofirst 300 lost 0.49% to close at 2,576.21.

TREE NEWS update: St. Louis Fed President Alberto Musalem said further interest-rate increases are needed to bring inflation back to the Federal Reserve’s target and that the central bank should act soon. Speaking at a Shadow Open Market Committee event in New York, Musalem said rates remain accommodative after September’s hike and that inflation risks are tilted toward staying above target. He does not hold a policy vote this year.