Flash News

TREE NEWS update: French Finance Minister Roland Lescure said demand for French government debt remains intact even as financing costs rise. “I issue bonds every two weeks and it is going perfectly well; investors still want to buy French debt, they just demand higher yields than in the past,” Lescure said. He added he was optimistic the budget would ultimately pass and that the government must narrow the public deficit, calling it a concern requiring immediate action.

TREE NEWS reports: China’s fuel oil main futures contract jumped 18%, with the low-sulfur fuel oil contract rising more than 10% and the crude oil main contract climbing over 8%. The moves marked sharp single-session gains across the energy futures complex.

TREE NEWS reports: The Hang Seng Tech Index dropped below 4,100 points on [date], touching a new intraday low for the year. The decline marks the lowest level the index has reached in intraday trading so far this year.

TREE NEWS reports: Shanghai border inspection authorities processed 809,000 inbound and outbound passenger trips during the October 1-7 National Day holiday, up 3.4% year on year, or nearly 116,000 per day. The city’s two international airports, Pudong and Hongqiao, handled 763,000 of those trips, while Shanghai’s cruise terminals accounted for 46,000.

TREE NEWS update: Israeli Foreign Minister Israel Katz said on the 8th that the UK consulate in Jerusalem closed as of that day. The announcement gives no further details on the reasons for the closure or on the future of British consular services in the city.

TREE NEWS update: Saudi Arabia has launched a safety investigation into the cockpit attack aboard Dubai Aviation flight FZ1073, which was flying from Dubai to Tel Aviv on Sept. 30 when the co-pilot assaulted the captain, forcing the aircraft into a sudden descent. Saudi authorities have notified foreign aviation agencies that the probe will follow international rules. The plane landed safely at Tabuk airport after crew and passengers subdued the attacker. It is unclear whether findings will be made public.

TREE NEWS reports: China’s State Taxation Administration, using value-added tax invoice data, said nationwide services consumption demand was strong and goods consumption grew well during the National Day holiday. Sales of home appliances, digital electronics and kitchen and bathroom products posted relatively high increases, the tax authority’s analysis of holiday-period consumption-industry sales revenue showed.

TREE NEWS reports: China’s border inspection authorities processed 15.462 million cross-border trips during the National Day holiday, averaging 220,900 per day, up 6.7% year-on-year, the National Immigration Administration said. The single-day peak came on October 4 at 2.397 million trips. Outbound mainland resident trips rose 9.3% to 4.444 million, while foreign arrivals reached 682,000, including 505,000 under visa-free policies, up 5.4% and 9.2% respectively.

TREE NEWS reports: German seasonally adjusted exports fell 0.8% month-on-month in August, missing expectations of a 0.9% increase and matching the prior month’s 0.8% decline. The reading points to continued weakness in Europe’s largest economy, with the export engine failing to rebound as forecast.

TREE NEWS reports: Japan’s September Economy Watchers Current Index came in at 47, above the 46.7 expected and up from 46.4 in the previous reading. The gauge, which tracks sentiment among workers in service-facing industries, improved for the month.

TREE NEWS update: China’s State Council Information Office will hold a press conference at 10 a.m. on Saturday, October 10, 2026, on employment and social security development during the 15th Five-Year Plan period. Li Zhong, vice minister and spokesperson for the Ministry of Human Resources and Social Security, will brief the media and take questions.

TREE NEWS reports: China’s highway EV charging volume rose 51.42% year-on-year during the National Day holiday, the National Energy Administration said. From Oct 1 to Oct 7, 6.27 million highway charging points recorded 6.711 million charging sessions and 163 million kWh of electricity, averaging 23.2566 million kWh per day.

TREE NEWS update: Japanese Prime Minister Sanae Takaichi said Japan is not currently in a state of deflation and that she highly respects the independence of the Bank of Japan. The remarks address the country’s price outlook and the government’s stance toward the central bank as it sets monetary policy.

TREE NEWS update: The European Central Bank releases minutes of its Sept. 9-10 monetary policy meeting at 19:30 Beijing time, alongside the Sept. 9-10 meeting record and US initial jobless claims for the week of Oct. 3 at 20:30. Fed Governor Waller speaks on the economic outlook in Istanbul at 16:30, and the 2026 Nobel Literature Prize is announced at 19:00. Japan’s central bank publishes its regional economic report at 13:00.

TREE NEWS reports: China recorded 214.2 million cross-region passenger trips from October 1 to 7, an average of 30.6 million per day, the Ministry of Transport said. The daily average rose 0.6% from the comparable period of the 2025 Mid-Autumn and National Day holiday, which ran eight days.

TREE NEWS reports: Shares in China’s optical chip sector fell sharply after market rumors that optical chip prices are under pressure and that 1.6T-compatible chips face cuts. Changguang Huaxin, Shijia Photons and Yongding Co each told reporters they had received no news of price reductions, and none speculated on the cause of the share moves. Shijia Photons attributed the sector correction to an Oct. 1 Morgan Stanley research note on FCC policy.

TREE NEWS reports: South Korea is considering regulations that would bar investment banks without a domestic securities business license from arranging overseas bond issuance for local issuers. The proposed measure would restrict offshore debt deals to institutions holding an onshore securities license.

TREE NEWS update: Senate Banking Committee Democrat Elizabeth Warren sent a letter Wednesday to Treasury Secretary Scott Bessent demanding an explanation of recent Treasury market interventions she called “unprecedented and chaotic,” asking whether the Treasury plans to fund expanded long-bond buybacks by drawing down the Treasury General Account. The Treasury raised single-operation buyback caps on 10- to 30-year bonds from $2 billion to $6 billion on Aug 19, yet 10-year yields hit their highest since 2002 and 30-year yields neared 5.7%. Bessent must respond by Oct 21.

TREE NEWS update: Turkey’s Minister of Environment, Urbanization and Climate Change Murat Kurum, president-designate of the 31st UN Climate Change Conference (COP31), called on all countries to accelerate climate action and preserve the possibility of meeting the 1.5C warming target. He made the appeal on the 7th.

TREE NEWS reports: Southbound trading under the Stock Connect logged net buying of more than HK$5 billion. The figure reflects aggregate net inflows from mainland Chinese investors into Hong Kong-listed shares during the session. No further breakdown by stock or sector was provided.