Flash News

TREE NEWS update: The Federal Reserve will publish its Beige Book at 2:00 AM Beijing time on the scheduled date. The report provides anecdotal information on current economic conditions across the Fed’s districts, offering insights into regional economic activity and potential implications for monetary policy.

TREE NEWS update: Argentine Foreign Minister Pablo Quirno said on September 2 that Argentina must use all available means to achieve sovereignty over the Malvinas Islands (Falkland Islands). Speaking at a think tank event in Buenos Aires, he stated the islands are Argentine territory and that the goal is closer than ever. President Milei will address the nation on the issue on September 3, with possible sanctions on foreign firms exploiting resources.

TREE NEWS update: US Commerce Secretary Howard Lutnick accused Canada’s Liberal Party of exploiting the trade war to gain electoral advantage. In a statement, Lutnick claimed the party is leveraging tensions to bolster its campaign prospects. The remarks add to escalating rhetoric between the two nations amid ongoing tariff disputes.

TREE NEWS update: US Treasury Secretary Scott Bessent said tariffs will be reinstated, citing a $70 billion tariff refund as the cause of this year’s widened budget deficit. The remarks signal a potential escalation in trade policy.

TREE NEWS update: US Treasury Secretary Scott Bessent said he is aware of Japan’s plans, without providing details. His comment came in response to questions about Japan’s monetary policy and its potential impact on global markets. Bessent’s remarks signal ongoing dialogue between the US and Japan on economic matters.

TREE NEWS update: US Treasury Secretary Scott Bessent said that repurchasing government bonds eliminates ‘bad outcomes.’ The Treasury will buy back illiquid, longer-dated securities, which frees up room for banks to purchase more bonds at auctions.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw usage of $525 million on Wednesday, September 2, down from $725 million the previous trading day. The facility had one counterparty.

TREE NEWS update: Venezuela’s acting president, Rodriguez, announced on Tuesday that the country has made history by signing multiple energy agreements today. The statement was made without providing specific details on the number of deals, their value, or the counterparties involved. This development signals a push to bolster Venezuela’s energy sector amid ongoing economic challenges.

TREE NEWS update: US Energy Secretary said the agreement signed with Venezuela is crucial for the peace and prosperity of the Venezuelan people. The statement underscores the administration’s view of the deal’s importance in regional stability.

TREE NEWS update: Iran’s Foreign Ministry on September 2 strongly condemned US military action against the country, saying strikes hit non-military areas and civilian infrastructure in Khuzestan, Sistan-Baluchestan, Hormozgan, and Kerman provinces, including ports and communications facilities, causing casualties and property damage.

TREE NEWS reports: In overnight trading on Chinese exchanges, international copper gained 0.08%, Shanghai copper rose 0.26%, aluminum added 0.73%, zinc fell 0.47%, lead dropped 0.53%, nickel climbed 1.47%, and tin declined 0.70%. Alumina slipped 0.77% while aluminum alloy rose 0.81%. Stainless steel advanced 0.44%.

TREE NEWS reports: Binance co-founder Changpeng Zhao (CZ) noted that some ‘hot money’ is rotating back from AI into the cryptocurrency market. He observed this trend as investors seek opportunities in digital assets again.

TREE NEWS reports: LME copper settled down $59 at $14,216 per metric ton. Aluminum rose $2 to $3,284/t, while nickel gained $248 to $16,913/t. Zinc fell $58 to $3,865/t, lead dropped $24 to $1,894/t, tin lost $401 to $54,232/t, and cobalt plunged $5,625 to $50,665/t.

TREE NEWS update: The US Mint officially launched a $1 coin featuring President Trump on September 2. The coin was introduced as part of a series honoring American presidents.

TREE NEWS reports: European gas futures advanced on Wednesday, with ICE UK natural gas up 2.17% and TTF benchmark Dutch gas up 0.09%. ICE EU carbon emission allowance futures rose 0.93%.

TREE NEWS update: Glassnode analysts indicate Bitcoin is likely to remain in a range-bound pattern, with key resistance between $83,000 and $86,000. The firm suggests that market conditions may not support a breakout in the near term.

TREE NEWS reports: German 10-year Bund yields rose 3.2 basis points on Wednesday to 3.376%, marking a sixth consecutive daily gain and a cumulative 17.5 bps increase over that period. The yield touched intraday levels near 3.395%, approaching the 2011 Q2 peak of 3.505%. Two-year yields also rose 3.2 bps to 3.376%, while 30-year yields added 1.8 bps to 3.835%. French, Italian, Spanish, and Greek yields also advanced.

TREE NEWS update: Iran said a US military strike overnight killed 18 people and wounded 108. The announcement comes amid heightened tensions in the region. No further details were immediately provided.

TREE NEWS reports: Bitcoin’s apparent demand indicator turned negative again, ending a brief August rebound, as BTC slipped below $77,000 amid a broader bond and equities sell-off. The on-chain metric points to weakening investor appetite for the cryptocurrency.

TREE NEWS update: Venezuela and Chevron have signed a bonus agreement for the Orinoco heavy oil belt joint venture project. The deal was inked between the two parties, marking a step in their energy cooperation. Financial terms were not disclosed.