Flash News

TREE NEWS reports: The secured overnight financing rate (SOFR) came in at 3.90% on Oct. 6, up from 3.89% the prior day. The effective federal funds rate held at 3.88% for the same session, unchanged from the previous day.

TREE NEWS reports: COMEX gold futures fell below $4,200 an ounce and Shanghai gold broke below 900 yuan a gram, dragging brand-name jewelry prices down about 150 yuan per gram from their peak. At Shenzhen’s Shuibei hub, the country’s largest gold and jewelry distribution center, listed jewelry gold fell to 1,061 yuan a gram, and one salesperson said they brought at least 30 to 40 groups of out-of-town customers a day during the National Day holiday.

TREE NEWS reports: The International Energy Agency and the European Union have discussed a proposed plan to release oil and diesel reserves, people familiar with the matter said. No details were given on the size of any release or a timeline. The talks come as the two sides weigh whether to tap emergency stockpiles.

TREE NEWS reports: US crude oil inventories at the Cushing delivery hub rose by 444,000 barrels in the week ended October 2, the EIA reported, following a build of 553,000 barrels in the prior week. The Cushing hub is the physical delivery point for NYMEX WTI crude futures.

TREE NEWS reports: The Federal Reserve’s minutes from its September meeting will focus on officials’ discussion of the interest-rate path, their views on US inflation and employment, and their assessment of market conditions including Treasury yields. The record of the September policy gathering is due for release. The minutes offer the fullest account of how officials weighed the rate outlook at that meeting.

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 July 7 for the world to work together to accelerate climate action and preserve the possibility of meeting the 1.5C warming target. Kurum made the appeal in his capacity as the incoming COP31 president.

TREE NEWS reports: Foreign investors poured a record 10.06 billion reais ($2.01 billion) into Brazilian stocks listed in São Paulo on Oct. 5, exchange operator B3 SA said Wednesday. The surge came as markets grew more hopeful that opposition presidential candidate Flávio Bolsonaro, if elected, would tackle Brazil’s worsening fiscal problems and pave the way for interest-rate cuts.

TREE NEWS update: Researchers Jiang Zhongyi and He Guangwei at Tianjin University developed a new all-organic mixed-matrix membrane for low-energy, low-cost industrial carbon capture, overcoming the trade-off between separation performance and processability. The work was published online on October 7 in Nature Energy.

TREE NEWS update: Latvia’s President Edgars Rinkevics said on Wednesday he supports incumbent Prime Minister Andris Kulbergs leading negotiations to form the next government. The announcement came at a joint press conference after the two held a working meeting on coalition formation and the direction of government reforms.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on the 7th that France’s intercontinental ballistic missile test on the 6th and related remarks by President Emmanuel Macron show Europe is “fixated on militarization” and seeking confrontation with Russia. Peskov’s comments came a day after Paris carried out the missile launch.

TREE NEWS reports: SpaceX’s credit risk gauge hit a record high Wednesday after reports that the company is in talks with banks and investors to raise $40 billion to buy Nvidia chips. ICE Data Services data showed SpaceX five-year credit default swaps widened as much as 14.5 basis points to about 195.4 basis points annualized, the highest intraday level since the CDS began active trading in June. The company’s 6.65% bonds due 2056 widened 12 basis points to 238 basis points, versus 175 basis points at issuance.

TREE NEWS update: Kenya’s Ministry of Health said on October 6 that the country confirmed its first imported case of Bundibugyo ebolavirus, after the patient died at a Nairobi hospital on October 5. The hospital has upgraded its protective measures in response to the Ebola virus.

TREE NEWS update: Poland’s central bank kept its main interest rate unchanged at 3.75%, in line with market expectations. The decision leaves the benchmark rate at its current level.

TREE NEWS update: Ukraine’s Chernihiv regional military administration said a Russian strike on Pryiluky had killed 16 people and wounded 55 as of 15:00 local time on the 7th. Russia has so far made no response.

TREE NEWS reports: A total of 123 companies completed IPOs on mainland China’s A-share market in the first three quarters of 2026, raising 216.315 billion yuan, Wind data show. That compares with 78 listings raising 77.302 billion yuan in the same period of 2025, a 57.69% rise in deal count and a 179.83% jump in proceeds. Guotai Haitong led on deal count, while CICC topped the underwriting revenue ranking.

TREE NEWS update: Democratic Senator Elizabeth Warren, a senior member of the Senate Banking Committee, sent a letter to Treasury Secretary Scott Bessent on October 7 questioning what she called “unprecedented and chaotic” intervention in the U.S. Treasury market. Warren asked whether Treasury plans to draw down its cash balance to fund Treasury buybacks, and what other steps it is taking to push down long-term Treasury yields. She demanded a response by October 21.

TREE NEWS reports: Shanghai received 20.2054 million visitors during the October 1-7 National Day holiday, with 4.5302 million on October 7 alone, up 13.25% year-on-year. Total tourism transaction value is expected to rise 3.52% year-on-year. Average hotel room occupancy in the city stood at 63%.

TREE NEWS reports: All three major US stock indexes fell intraday on October 7, with the Dow Jones Industrial Average down 1.00%, the Nasdaq down 1.02% and the S&P 500 down 0.70%. The declines came during the trading session.

TREE NEWS update: Spain’s largest unions are preparing to call a general strike on Nov 11 to focus on housing, the first such protest since the worst of the financial crisis in 2012. The action responds to parliament, led by the opposition, rejecting a bill aimed at making housing more affordable. After the bill was voted down, Socialist Prime Minister Pedro Sánchez called a snap election for Nov 29.

TREE NEWS reports: Major US sector ETFs opened lower, with the global airlines ETF and the semiconductors ETF each falling nearly 2%. The regional banks ETF and the banks ETF both declined more than 1%. The broad-based early weakness spanned several industry groups tracked by the funds.