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.
TREE NEWS reports: Europe’s STOXX 600 index closed provisionally down 1.04% at 630.02 points. The eurozone’s STOXX 50 fell 1.47% to 6,179.14, while the FTSE Eurofirst 300 declined 0.95% to 2,518.56. The preliminary closes mark a broad-based drop across the region’s major equity benchmarks.
TREE NEWS reports: EU member states broadly agree that the G7 emergency pact announced last week to release up to 100 million barrels of diesel and crude merely implements commitments already made, rather than requiring additional volumes. At an October 7 meeting of EU officials, countries largely concurred that any further release should stay within the volumes agreed in March. Several states want the International Energy Agency to conduct an impact assessment.
TREE NEWS update: Chinese scientists have developed the world’s first nuclear clock, using a 148-nanometer continuous-wave vacuum ultraviolet laser and a thorium-229-doped calcium fluoride crystal to drive and stabilize a nuclear energy-level transition. The achievement extends quantum precision measurement from electron transitions to atomic nucleus transitions. The results were published online in Nature on the evening of the 7th.
TREE NEWS update: The Canadian branch of the billionaire Weston family has agreed to acquire health and beauty retailer Boots for $8.9bn including debt, Wittington Investments said in an October 7 statement. Wittington is buying the UK and Ireland retail business and certain other operations from Sycamore Partners and the Pessina family, which took control of Boots after acquiring parent Walgreen Boots Alliance for $10bn in 2025 and splitting the group into separate companies.
TREE NEWS update: Japan Exchange Group said on the 7th that the constituent list of the Tokyo Stock Exchange’s Topix index will be revised starting at the end of October, cutting the number of members by roughly 40% to 986. Selection will hinge on trading activity and free-float market value rather than which market a company lists on. Some 683 stocks no longer qualify and will be phased out to zero weight by July 2028, while 35 stocks from the Standard and Growth markets will be added.
TREE NEWS reports: US homebuilder stocks fell on Wednesday after the 30-year mortgage rate climbed for a seventh straight week to 7.49%, its highest level since 2023. The S&P 1500 Homebuilding Index dropped as much as 3.7% intraday, its biggest one-day decline since July 8, with every constituent lower. Installed Building Products lost 6.2%, Champion Homes and Cavco Industries 5.7%, and Dream Finders Homes 5.1%. The SPDR S&P Homebuilders ETF fell as much as 3.4%.
TREE NEWS reports: French Finance Minister Roland Lescure said France is considering issuing more short-term debt as investors grow reluctant to hold long-dated French bonds. The 10-year yield rose to 4.91% and the 2-year to 3.61%, steepening the curve to about 130 basis points. Lescure said demand for 10-year debt remains solid, but 30-year issuance is “a bit harder” amid fiscal and political concerns.
TREE NEWS update: India is in contact with both Ukraine and Russia to ensure the safe passage of grain and energy shipments through the Black Sea, Foreign Minister S. Jaishankar said, after attacks on commercial vessels including a Togo-flagged ship and a Palau-flagged vessel that injured an Indian crew member. New Delhi has criticised the strikes and is engaging both sides on shipping safety and de-escalation, he added.
TREE NEWS reports: The New York Fed’s September 2026 Survey of Consumer Expectations showed households’ one-year inflation expectation rose to 3.9%, the highest in more than three years. Three-year expectations climbed to 3.3% from 3.2%, while five-year expectations held at 3%. Labor market expectations improved broadly, but views on household finances and access to credit worsened.
TREE NEWS reports: The US 10-year Treasury yield held above 5.3% on Monday, having touched a session high of 5.3624% at 21:27 Beijing time before the New York Fed’s consumer inflation expectations report. The yield has pulled back from its highs since 16:00 Beijing time.
TREE NEWS reports: Bitcoin fell below $83,000 to hit month-to-date lows, touching $82.7K, as stocks reversed from all-time highs and bond yields spiked higher on renewed nerves over Iran. The drop marks Bitcoin’s lowest level in October, with the risk-asset retreat coinciding with a resumption of the global bond sell-off.