Flash News

TREE NEWS update: Argentina’s state oil company YPF said it has signed a sustainable aviation fuel (SAF) supply agreement with France’s TotalEnergies, with the project carrying an investment of $400 million. The announcement covers the supply deal and the stated investment figure; no timeline or production volumes were disclosed.

TREE NEWS reports: UK 30-year gilt yields rose 7.6 basis points to 5.979% on Wednesday, touching 6.031% intraday — the first return above the 6% level since October 1 and the highest since early 1998. The 10-year yield climbed 6.6bp to 5.441%, approaching its October 1 peak of 5.504%, while the 2-year added 3.5bp to 4.852%. The 2s10s spread widened 3.477bp to +59.205bp.

TREE NEWS update: US Secretary of State Marco Rubio said the friendly bond between the United States and Europe can come under strain from emotions at times, but it must never be allowed to break. He said the two sides must work together to strengthen the alliance so it can meet the threats of the era.

TREE NEWS reports: Morgan Stanley strategists reinstated a short EUR/CHF recommendation, targeting 0.90 with a stop at 0.96, in a Wednesday report. They wrote the trade hedges a further rise in fiscal and political risk premia and the chance that bond-market volatility pushes market expectations for ECB policy toward a more dovish repricing. The strategists flagged Swiss National Bank concern over franc strength as a risk that could lift the pair, and kept a short EUR/AUD call, expecting the euro to weaken against most currencies.

TREE NEWS update: Israel’s Joint List, an alliance of the Arab-majority parties Hadash, Ta’al and Balad, launched its election campaign in Tel Aviv on October 5, ahead of this month’s parliamentary elections. The party said it will do everything possible to remove Prime Minister Benjamin Netanyahu and several far-right cabinet members from power, saying Netanyahu “should indeed be afraid — afraid of the votes of Israel’s Arab citizens.”

TREE NEWS update: France’s Finance Ministry said its government bond issuance strategy remains unchanged. The statement, issued without further detail, signals no shift in the country’s debt funding plans. No figures or revised targets were provided.

TREE NEWS reports: Chartering a Very Large Crude Carrier to move US crude to Asia now costs $77 million, London’s Baltic Exchange said on Wednesday, a record high for the route. The 2025 average for the same voyage was $9.2 million, adding a massive cost layer to the oil supply chain as disruption in the Strait of Hormuz chokes tanker availability.

TREE NEWS reports: ICE UK natural gas futures closed 3.49% higher in late European trading on Wednesday, October 7, while the TTF benchmark Dutch natural gas contract gained 2.72%. ICE EU carbon allowance futures rose 0.80% over the same session.

TREE NEWS reports: US nonfarm payrolls rose 1.4% year-on-year in September on an unadjusted basis, slowing from 1.5% growth in August. Unemployment benefit payments fell year-on-year. Seasonally adjusted after-tax wages for low-income households rose 4.5% year-on-year, down from 4.7% in August but still outpacing middle- and high-income households. The estimates are based on anonymized BofA consumer deposit data using a three-month moving average.

TREE NEWS update: France summoned Iran’s ambassador in response to a Tehran-led disinformation campaign targeting student protests, the French foreign ministry said. A ministry spokesperson rejected as baseless Iran’s summoning of France’s ambassador in Tehran on October 6, calling such provocations unacceptable and demanding they stop.

TREE NEWS reports: Saudi Arabia has launched an aviation accident investigation into Dubai airline flight FZ1073 after a stabbing occurred inside the aircraft’s cockpit last week. The kingdom has notified overseas specialist aviation bodies that the safety probe will be conducted under international rules, the head of its air accident investigation agency said. Israel has offered to take part in any Saudi-led safety investigation but has not been invited so far.

TREE NEWS reports: Japan will assist the Philippines in strengthening its oil reserves under an agreement signed on October 8. No further terms of the arrangement were disclosed. The deal covers cooperation on petroleum stockpiling between the two countries.

TREE NEWS reports: The MSCI Nordic Countries Index fell 0.5% to 387.74, with the Nordic industrials sector posting the biggest decline among the ten sectors tracked. AddTech AB, a supplier of high-tech industrial components and systems for the engineering, telecom, automotive and electronics industries, dropped 7.6%, the worst performance among Nordic stocks.

TREE NEWS reports: Some private equity firms are demanding “super carry” in new funds — a higher share of future gains above the standard performance-fee range. Nearly one-third of single-asset continuation funds raised in the first half of 2026 included super-carry provisions. Managers must hit specific targets such as internal rate of return or return on invested capital to earn the higher payout.

TREE NEWS reports: Bitcoin fell below $83,000 as oil prices topped $101 a barrel and the 30-year Treasury yield reached its highest level since 2002, pressuring risk assets. The daily chart for bitcoin still leans bullish, while the four-hour chart signals the opposite.

TREE NEWS update: Apollo Global Management’s infrastructure head said the firm is working to ensure AI infrastructure deals it finances are not halted by local opposition. The executive disclosed the effort without naming specific transactions or locations. Apollo is among the asset managers funding the buildout of data centers and related AI infrastructure.

TREE NEWS update: The leader of Yemen’s Houthi movement said the aircraft and weapons used in repeated strikes on Yemen are American-made equipment, and that their use and deployment depend on the United States. The statement was carried by Iran’s Fars news agency. No further details were provided.

TREE NEWS update: The US Treasury auctioned four-month bills at a high yield of 4.105%, with a bid-to-cover ratio of 3.10. The auction drew bids equal to 3.10 times the amount offered, indicating solid demand for the short-term government paper.

TREE NEWS update: Japan Exchange Group said the Tokyo Stock Exchange will begin revising its TOPIX index constituents at the end of October, reducing the number of constituents by about 40% to 986. The change stems from new selection criteria: inclusion will depend on trading activity and free-float market value, rather than mainly on which market segment a company is listed on, replacing the previous system under which nearly all former First Section firms were included.

TREE NEWS reports: European equity indices closed lower on Wednesday, with Germany’s DAX 30 falling 1.45% to 25,096.53 and France’s index down 1.24%. Italy’s benchmark dropped 2.37%, while its banking index slid 3.64%, leading sector declines. The UK’s index closed 0.77% lower.