Flash News

TREE NEWS update: Hunan provincial authorities published an investigation report into the June 16, 2025 explosion at Shanzhou Fireworks Co. in Linli County, Changde, which killed 9 people and injured 26. The accident occurred at about 08:23 local time and caused 23.19 million yuan in direct economic losses.

TREE NEWS reports: China’s night futures session opened with sharp gains in energy and chemicals: methanol rose nearly 7%, styrene close to 6%, and fuel oil and crude oil each up more than 4%. Liquefied petroleum gas gained nearly 4%, while bitumen and paraxylene rose over 3%. Metals and building materials fell, with Shanghai tin down more than 2% and soda ash, glass, Shanghai aluminium, Shanghai silver, wood pulp and Shanghai lead each down over 1%.

TREE NEWS reports: The World Trade Organization said in its latest global trade outlook that goods trade is expected to grow 3.9% in 2026, up from its March forecast of 1.9%, and 4.1% in 2027. The revision reflects supply chain adjustments and strong investment in artificial intelligence. Services trade growth for 2026 was cut to 3.3% from 4.8%, as Middle East conflict weighs on transport and international travel, with 2027 seen at 6.4%.

TREE NEWS update: China’s state frozen pork reserve will hold a fourth round of competitive auctions for 1,200 tonnes of domestic frozen pork, the Huachu network said, after earlier lots went unsold. The notice covers bidding and delivery arrangements for the rotation-out of central reserve frozen pork, with the final volume subject to what is actually listed.

TREE NEWS reports: The UK’s FTSE 100 index erased its earlier losses, recovering to trade flat or higher on the day. The move marks a reversal from the session’s prior decline for London’s benchmark blue-chip index. No further details on the size or drivers of the swing were given.

TREE NEWS update: Bank of England Governor Andrew Bailey said a clear commitment to fiscal policy is more necessary than ever when negative shocks hit, warning that large, concentrated positions in the market must not be taken lightly. Bailey made the remarks in comments published without a specified date or venue.

TREE NEWS reports: Gallup reported on October 8 that Americans’ confidence in food safety has fallen to the lowest level since the firm began tracking it. Only 65% of US adults said they are “very confident” or “somewhat confident” that most groceries are safe, down from 73% in 2025 and 81% in 2019.

TREE NEWS update: US Secretary of State Marco Rubio said Portugal plays a key role in delivering American technology to the European Union. The remark, made without further specifics, places Portugal at the center of US-EU technology flows. No additional details or policy measures were disclosed.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said a Russian airstrike on Kramatorsk in the Donetsk region on October 8 killed at least 30 people and injured 18, with the death toll possibly rising. Two minibuses were hit and residential buildings and vehicles were damaged. Some bodies were too badly damaged to be identified, and medics are treating the wounded.

TREE NEWS reports: US initial jobless claims for the week ended October 3 came in at 197,000, below the 200,000 expected by economists and unchanged from the prior week’s reading of 197,000. The figure points to a labor market still running tight, with layoffs holding near recent lows.

TREE NEWS reports: US continuing jobless claims for the week ended September 26 came in at 1.716 million, above the 1.70 million expected and up from the prior reading of 1.701 million. The higher-than-expected print points to a slightly slower pace of rehiring in the US labor market.

TREE NEWS update: After the National Day holiday, mutual funds targeting the Beijing Stock Exchange are launching in a cluster, with three-month holding-period products rolling out. Fullgoal’s BSE Select 3-Month Holding Mixed Fund began raising on Oct 8 and closes Oct 21; China AMC, China Universal, Harvest and Southern Asset Management will start selling similar funds from Oct 12, each capped at RMB500 million. Institutions expect up to RMB13.5 billion in incremental inflows.

TREE NEWS update: Bank of England Governor Andrew Bailey said policymakers should strengthen core financial markets so they can absorb future shocks without amplifying them. He warned that as shocks become more frequent, potential growth weaker and successive shocks push government debt higher, governments will find it much harder to use their balance sheets to buffer severe recessions.

TREE NEWS update: China’s Civil Aviation Administration issued the Measures for Optimizing Domestic Route Flight Reviews, aimed at making domestic route and flight management more scientific and refined, promoting differentiated competition and efficient allocation of air transport resources. The measures, in five parts, address market access, flight volume management, schedule arrangements and license exits for route segments where carriers are overly concentrated. They take effect from the 2026/2027 winter-spring season change.

TREE NEWS update: Bank of England Governor Andrew Bailey said monetary policy requires a firm commitment to bringing inflation back to target, adding that core market resilience must be strengthened. He said greater absorption of government debt has brought higher vulnerability, and that while markets are seeing larger swings, conditions remain some distance from normal with no liquidity shortage or market stress yet.

TREE NEWS update: China’s State Administration for Market Regulation approved and published a national standard, the Technical Specification for Loading and Safety Inspection of Container Rail-Water Intermodal Transport, which unifies operating requirements for rail and waterway transport. The standard sets unified rules for cargo loading and safety inspection in general container rail-water intermodal transport, laying the groundwork for “no container opening throughout the journey.”

TREE NEWS update: Thailand’s opposition bloc submitted a no-confidence motion against Prime Minister Anutin Charnvirakul and 17 cabinet members on the 8th. People’s Party leader and opposition leader Natthaphong Ruengpanyawut filed the seven-page motion with House Speaker Sophon on behalf of the opposition, backed by 145 opposition lawmakers. Parliament is expected to debate the motion in late October.

TREE NEWS update: French Finance Minister Lescure said France’s government bond market has not malfunctioned, pushing back on concerns over the country’s debt market. The statement was made without further detail on specific market conditions or measures.

TREE NEWS update: Saudi warplanes carried out a new round of airstrikes on Houthi-controlled areas of Yemen on May 8, hitting Hodeidah International Airport on the Red Sea coast and a communications network facility west of the capital Sanaa. The strikes mark the latest wave of Saudi air operations against Houthi-held territory.

TREE NEWS update: AstraZeneca and Daiichi Sankyo’s datopotamab deruxtecan (brand name Datroway) has been approved by China’s National Medical Products Administration for adults with unresectable or metastatic triple-negative breast cancer who are not suitable for PD-1/PD-L1 inhibitors. It is the drug’s second indication in China, extending its use to TNBC, and the first TROP2-targeting ADC approved in the first-line treatment setting.