Flash News

TREE NEWS update: China’s Ningxia crude oil export pipeline network has cumulatively transported more than 200 million tonnes of crude oil, the National Pipeline Network Group said on the 6th. The energy corridor has operated safely for 48 years, supporting the optimization of oil and gas resource allocation and high-quality regional economic development in western China.

TREE NEWS reports: Nokia CEO Justin Hotard said the tech industry would build data centers twice as fast if not for current supply constraints. Speaking on the pace of AI infrastructure, he said it is impossible to call the current buildout overbuilding, since customers would likely also double their construction if they could. Hotard added he is confident the industry remains in the early stage of the AI buildout wave.

TREE NEWS update: US President Donald Trump said he has decided to place advertising himself and to pay for it out of his own pocket, while also using funds he raised for MAGA Inc. The statement gave no figures, timeline or details on the ad buy. It marks a direct personal financial commitment to the super PAC’s messaging effort.

TREE NEWS update: The Saudi-led coalition said it destroyed a missile launcher in Sanaa, Saudi state media SPA reported. No further details on casualties, the type of launcher or the timing of the strike were given in the statement.

TREE NEWS update: Japan’s BOJ Governor Ueda is scheduled to speak, and OpenAI launches an AI cyber-risk working group in Australia with its chief strategy officer traveling to Sydney. Later in the day the ECB’s Rehn and Cipollone, the BOE’s Mann, New York Fed’s Williams, St. Louis Fed’s Musalem, Fed Governor Bowman, Kansas City Fed’s Schmid and Dallas Fed’s Logan are all due to appear. The 2026 Nobel Prize in Physics is announced at 17:45 Beijing time.

TREE NEWS update: Yemen’s Houthi military spokesman Yahya Saree said on the 5th that the group carried out three operations using ballistic missiles, cruise missiles and drones against targets in Saudi Arabia, including Riyadh’s King Khalid International Airport, an Aramco refinery in Rabigh and Abha International Airport. The statement said the strikes hit their targets and affected air traffic, and that the Rabigh refinery fire was ignited.

TREE NEWS update: Explosions were heard in Riyadh, the capital of Saudi Arabia, on the evening of the 5th. No further details on the cause, location or any casualties were immediately available. The report gave no indication of damage or official response.

TREE NEWS reports: The Magnificent 7 index rose 1.07% on Monday, October 5, to close at 238.22, surpassing its previous record close of 236.01 set on September 21 and touching an intraday record of 239.38. Nvidia gained 2.12% to a record close of $238.90, while Tesla added 2.2%; Meta and Microsoft rose as much as 1.9%, and Apple slipped 0.24%. TSMC climbed 2.75% to a record close of $485.80.

TREE NEWS update: British Airways will introduce a new business class across the entire upper deck of its upgraded Airbus A380 double-decker jets. The carrier is also upgrading first-class seats with retractable dividers that let middle seats convert into larger suites for companions. The changes cut the A380’s seat count by 11%, from 469 to 417, with most of the reduction coming from economy.

TREE NEWS reports: FTSE China A50 index futures closed the overnight session up 0.42%, at 13,874 points. The move marks a modest gain for the Singapore-listed contract tracking the 50 largest A-share companies on the mainland.

TREE NEWS update: The Panama Canal Authority said it will allocate long-term transit slots for the period from January 3 to April 3, 2027, extending the Long-Term Slot Allocation plan to Panamax locks for the first time on a trial basis. The trial will offer an average of three slots per day for Panamax locks, with bidding on November 24, while Neopanamax locks keep three long-term slots per day under the existing plan, with bidding on November 17.

TREE NEWS update: Yemen’s Houthi military spokesman Yahya Saree said on the 5th that Saudi airspace has become an “operational area” for the group and warned all international airlines operating routes through it to suspend flights. In a statement posted on social media, Saree said Saudi airspace is “unsafe” and the Houthis “will not bear responsibility for the consequences” of ignoring the warning. The warning excludes airspace over Mecca and Medina. Saudi Arabia has not yet responded.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.7037 per US dollar in New York on Monday, up 21 pips from Friday’s New York close, with intraday trading ranging between 6.7148 and 6.7035. The quote was taken at 04:59 Beijing time on Tuesday.

TREE NEWS reports: New Zealand’s NZIER business confidence index improved in the third quarter, the institute said. No further figures or details were provided. The reading offers a gauge of sentiment among the country’s firms for the period.

TREE NEWS update: New York Governor Kathy Hochul issued an order declaring a disaster emergency in the state over the measles outbreak, effective from October 5 to November 4, 2026. As of October 3, 2026, New York State had reported 108 measles cases.

TREE NEWS update: The Saudi-led coalition’s naval forces carried out military operations in Yemen’s Hodeidah province on October 5, striking Houthi-related military targets, coalition spokesman Turki al-Maliki said. The strikes destroyed weapons depots, storage facilities for explosive-laden boats and naval mines, and foiled a planned attack on waterways in the southern Red Sea, he said. The coalition said the operation aimed to protect navigation security in the southern Red Sea and the Bab el-Mandeb Strait.

TREE NEWS reports: Spot gold gained 0.03% to $4,142.46 an ounce at the New York close on Monday, October 5, after tracing an M-shaped session that peaked at a daily high of $4,170.41 at 16:16 Beijing time and fell to $4,123.44 by 23:22. Spot silver rose 1.18% to $61.0753 an ounce, COMEX copper futures gained 1.36% to $6.6380 a pound, and the NYSE Arca Gold Miners Index slipped 0.32% to 2,505.24.

TREE NEWS reports: OpenAI is in talks with several UAE investment funds, including Abu Dhabi’s MGX, to help anchor a $30 billion funding round. The funds would invest as a syndicate and have discussed contributing up to $10 billion in total. BlackRock is also discussing joining the round alongside the syndicate.

TREE NEWS update: Yemen’s Houthi movement said it carried out three rounds of military operations on October 5 using ballistic and cruise missiles and drones, targeting Riyadh’s King Khalid International Airport, a Saudi Aramco refinery in Rabigh on the Red Sea coast, Abha airport, Khamis Mushait base, the Akifa barracks in Asir province, and multiple sensitive targets in Najran and Jizan provinces. Spokesman Yahya Saree said the strikes were in response to Saudi attacks on Yemen over the previous 24 hours.

TREE NEWS update: German Chancellor Friedrich Merz said on the 5th that Germany will continue to strengthen NATO’s eastern flank defense and deepen cooperation with allies including Lithuania to counter “security threats” from Russia. The statement underscores Berlin’s ongoing commitment to the alliance’s deterrence posture along its eastern border. No further details on specific deployments or timelines were provided.