Flash News

TREE NEWS update: The Saudi-led coalition said the missile threat posed by the Houthis originates from areas under their control in Sanaa, Saada and Amran provinces. The statement identifies the three governorates as the source of the missile launches.

TREE NEWS reports: Brazil’s oil exports reached a record 11.7 million metric tons in September, government data released Tuesday showed, surpassing the previous monthly high of 11 million tonnes set in March 2023. Shipments rose 42.2% year on year while export revenue jumped 77.3% to about $6.5 billion, driven by record domestic output and strong international demand.

TREE NEWS update: US President Donald Trump said a call with Russian President Vladimir Putin has been arranged. No date, agenda or further details were given in the statement. The two leaders have spoken previously amid efforts to negotiate an end to the war in Ukraine.

TREE NEWS reports: In late New York trading on Tuesday, October 6, S&P 500 futures closed up 0.68%, Dow futures gained 0.56% and Nasdaq 100 futures rose 0.56%. Russell 2000 futures bucked the trend, falling 0.54%.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.7015 per dollar late Tuesday in New York, up 22 pips from Monday’s close, with intraday trading between 6.6950 and 6.7058. It was the third straight session of gains for the Chinese currency.

TREE NEWS update: A fire broke out on October 6 at the Cardón refinery in northwestern Venezuela, with visible flames and heavy smoke at the site. Refinery staff were evacuated and production at the plant has been temporarily suspended.

TREE NEWS update: FTSE Russell said it will continue monitoring settlement funding requirements in the South Korean market, along with progress on short selling, settlement and market-warning mechanisms. The index provider also said it will keep tracking the operation of the Korean exchange’s market-warning system. No timeline or specific findings were given.

TREE NEWS reports: Spot gold fell 0.58% to $4,163.20 an ounce in late New York trading on Tuesday, October 6. Spot silver gained 0.44% to $61.3410 an ounce. COMEX copper futures rose 0.24% to $6.6570 a pound.

TREE NEWS reports: At least two explosions and the sound of fighter jets were heard overnight on the 6th in Yemen’s capital Sanaa. Houthi sources said Saudi airstrikes hit Sanaa along with Amran, Al Jawf and Saada provinces that night. No casualty figures were immediately reported.

TREE NEWS reports: The American Petroleum Institute reported that US crude oil inventories fell by 2.1 million barrels last week, following a build of 1.019 million barrels the prior week. Cushing crude stocks rose by 866,000 barrels, after a 233,000-barrel increase previously. Gasoline inventories dropped 1.4 million barrels, while distillate stocks rose 461,000 barrels.

TREE NEWS update: US Treasury Secretary Scott Bessent said Iran has not loaded a single barrel of crude oil onto any vessel since August 25. The remark, made by the top US economic official, points to a halt in Iranian seaborne crude loadings over that period. No further details or figures were provided.

TREE NEWS reports: BNP Paribas said Treasury Secretary Scott Bessent should resist calls to eliminate the 20-year Treasury bond, warning that doing so could push borrowing costs higher. Bond traders are speculating whether Bessent will shift more government borrowing from long-term debt into short-term bills, with long-dated yields near multi-decade highs. Cutting or scrapping 20-year issuance has become an aggressive option because the tenor commands higher yields than adjacent maturities.

TREE NEWS reports: MSCI’s emerging markets stock index gained 0.2%, while the developing-nation foreign exchange index was roughly unchanged. The moves leave emerging-market equities modestly higher on the session with currency markets holding steady.

TREE NEWS update: US President Donald Trump, speaking about Iran, declared that the Strait of Hormuz belongs to the United States. The remark was made in comments directed at Iran, with Trump asserting US ownership of the strategic waterway. No further details or official follow-up were given in the statement.

TREE NEWS update: FTSE Russell said it will maintain Indonesia’s secondary emerging market status and is not placing the country on its watch list for now. Turkey’s advanced emerging market status also remains unchanged and it was not added to the watch list. Oman was newly added to the watch list for secondary emerging market status.

TREE NEWS update: US President Donald Trump said the Russia-Ukraine conflict is getting increasingly close to an end. Trump made the remark without providing further details on timing or the terms of any settlement. No additional information on negotiations or the parties involved was given.

TREE NEWS update: The American Petroleum Institute is scheduled to release its weekly industry crude oil inventory report at 04:30 Beijing time. Non-API members may receive the data details as early as around 04:32.

TREE NEWS update: France’s finance minister said the government is prepared to bypass parliament to push through a spending-cut package worth billions of euros. The move would allow the executive to enact the reductions without a parliamentary vote. No figure or timeline was specified in the statement.

TREE NEWS reports: Tanker captains transiting the Strait of Hormuz are receiving hazard pay equivalent to $100,000 a month, plus a $50,000 bonus per voyage, as the route grows more dangerous. The payments reflect the heightened risk premium now attached to one of the world’s most critical oil chokepoints.

TREE NEWS reports: Soybean funds closed up 1.5% on Tuesday, October 6, leading gains among major US asset-class ETFs, with agricultural commodity funds up 1.37%. US real estate ETFs, the US Brent crude oil fund and gold ETFs each rose at least 0.7%, while the S&P 500 ETF, Dow ETF, Barclays US convertible bond ETF, Nasdaq 100 ETF, long-euro position and 20+ year US Treasury ETF gained at most 0.55%. Long-yen fell 0.16%, the long-dollar index dropped 0.31%, emerging market ETFs lost 0.67%, the Russell 2000 ETF fell 0.71% and long-volatility dropped 2.62%.