TREE NEWS update: Iranian Foreign Minister Abbas Araghchi said Iran is firmly defending itself while also seriously using diplomacy to protect its national interests and security. He said Iran has presented mediators with a detailed and actionable proposal setting out its conditions and considerations.
TREE NEWS reports: A Houthi spokesman said Saudi warplanes carried out 156 airstrikes and missile strikes on civilian areas in Yemen over the past 24 hours, hitting the capital Sanaa and the provinces of Taiz, Saada, Jawf, Marib and Amran. The strikes were flown by F-15 and Typhoon jets from Khamis Mushait and Taif air bases, with missile launches from Najran and Jizan. The spokesman said total Saudi-led strikes since the conflict escalated have reached 1,798.
TREE NEWS reports: London Metal Exchange copper closed $60 higher at $14,476 per tonne. Aluminium fell $16 to $3,117/tonne and zinc slipped $2 to $3,764/tonne, while lead rose $24 to $1,896/tonne, nickel gained $53 to $15,735/tonne and tin added $95 to $54,279/tonne. Cobalt was unchanged at $39,245/tonne.
TREE NEWS reports: France’s 10-year government bond yield rose 12.0 basis points to 4.870% in late European trading on Wednesday, October 7, touching 4.933% at 21:43 Beijing time before paring gains. The two-year yield climbed 6.5bps to 3.624% and the 30-year 10.6bps to 5.417%. Italian, Spanish and Greek 10-year yields also rose, by 9.7bps to 4.624%, 4.8bps to 4.118% and 8.9bps to 4.483% respectively, as dip buyers waited.
TREE NEWS update: France will release 10 million barrels of diesel from its strategic reserves, the government announced. The move puts a specific volume of the country’s emergency fuel stock onto the market. No timeline or further details were given in the announcement.
TREE NEWS update: FTSE Russell has added Oman to its watch list of markets under review for potential reclassification, which could see the country moved back to secondary emerging market status. The index provider’s list flags markets whose classification may change at a future review. No date for a decision was given.
TREE NEWS reports: Iran’s Tasnim news agency, citing Hebrew sources, reported that a large explosion was heard in Haifa. No further details on casualties, damage or the cause of the blast were provided in the report. The incident was reported on the basis of Hebrew-language sources.
TREE NEWS update: Biman Bangladesh Airlines has signed a firm order for 10 of Airbus’s latest-generation aircraft, Airbus said. The deal covers four A350-900 widebody jets and six A321neo single-aisle planes. No value or delivery schedule was disclosed.
TREE NEWS reports: Germany’s 2-year government bond yield fell 4.4 basis points to 3.069% in late European trading on Wednesday, October 7, moving between 3.142% and 3.046% during the session. The 10-year yield slipped 0.3bp to 3.475%, while the 30-year yield rose 0.6bp to 3.851%. The 2/10-year spread widened 3.819bp to +40.155bp.
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.