Flash News

TREE NEWS update: Russian presidential aide Yuri Ushakov said the date for talks in Abu Dhabi will depend on the situation on the battlefield and the broader context. No date for the negotiations was given. Ushakov indicated that the timing would be set by conditions on the ground and the overall situation.

TREE NEWS reports: Global bond issuance has reached $6.61 trillion so far in 2026, putting the market on course for a record annual total. The year-to-date figure covers all bond sales worldwide and already positions 2026 to surpass previous full-year highs.

TREE NEWS update: US Treasury Secretary Scott Bessent said President Donald Trump is “full of confidence” in Federal Reserve Chair Kevin Warsh’s handling of the central bank’s mission. Bessent made the remark on the Fed chair’s approach to the institution’s mandate, indicating continued White House support for Warsh’s leadership. No further details were provided.

TREE NEWS update: FedEx now expects full-year adjusted earnings per share of $18 to $18.60, up from its previous forecast of $16.90 to $18.10. The company raised its guidance on the same day it reported results, signaling stronger-than-expected performance for the fiscal year.

TREE NEWS reports: The Australian dollar gained 0.5% against the US dollar on an intraday basis, trading at 0.7062. The move reflects demand for the commodity-linked currency, with the Aussie extending its advance to that level. No further market details were disclosed.

TREE NEWS reports: US Vice President JD Vance is contacting one of Iran’s most powerful hardliners in an effort to restart peace negotiations, US officials and people familiar with the matter said. The outreach marks a direct channel to a senior figure in Tehran’s leadership as Washington seeks to revive talks. No further details on the contact or its timing were provided.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 1.8% in preliminary trading, with New Oriental falling 12.8% and Atour dropping 7.5%. Xunlei, Chagee and Lufax each fell at least 4%, while Ctrip lost 2.6%, Meituan 2.3% and Pinduoduo 1.2%. GDS rose 4.6%, Hesai gained 3.4% and Baidu added 1.4%, while the KWEB ETF slipped 0.7% and CQQQ rose 0.8%.

TREE NEWS reports: The S&P 500 initially closed up 0.3%, with financials, energy, technology, telecom and industrials gaining as much as 0.4%, while real estate fell 0.6% and utilities dropped 0.8%. The Nasdaq 100 rose 0.6%, led by SanDisk up 7.4%, CoreWeave up 7.2%, Nebius Group and GEHC up 6.9%, and Micron up 6.8%; Nvidia and Meta Platforms each fell 1.3%. SK Hynix ADR gained 13.2%.

TREE NEWS update: UK Chancellor Healey said he has asked the Bank of England to study banks’ capital requirements, adding that the government will press ahead with a financial services and markets bill. Healey said banks are vital to the UK’s prosperity, standing and success. The remarks signal a fresh look at post-crisis capital rules alongside planned financial services legislation.

TREE NEWS reports: WTI December crude futures settled at $102.78 a barrel, while Brent December crude closed at $115.32 a barrel. NYMEX November gasoline settled at $3.1734 a gallon and November heating oil at $4.8152 a gallon.

TREE NEWS reports: The Bloomberg Grains Subindex closed down 0.42% at 30.0948 in New York on Wednesday, October 28, after touching 29.9894 at 22:31 Beijing time. CBOT wheat futures fell 1.92%, soybeans dropped 0.62%, while corn gained 0.56%.

TREE NEWS update: Brazilian lawmaker and election loser Jair Bolsonaro expressed gratitude to U.S. President Donald Trump and Argentine President Javier Milei for welcoming him and his family. The statement, which did not specify a location or date, comes as Bolsonaro faces legal challenges in Brazil. No further details were provided.

TREE NEWS reports: Iran could respond as early as Thursday to a new proposal being relayed by Qatar, under which Tehran would take concrete steps on its nuclear program in exchange for the US easing some sanctions and unfreezing some funds. The measures under consideration include restoring IAEA inspectors’ access to Iranian nuclear facilities. Talks have stalled over sequencing, with Iran demanding sanctions relief before discussing its nuclear program and the Trump administration insisting on nuclear action in the first phase.

TREE NEWS update: The Trump administration has asked a federal court to allow it to reconsider three offshore wind projects approved under the Biden administration, keeping open the possibility of later revoking the permits. It simultaneously let five onshore wind projects proceed, two of them already approved, a move officials called a goodwill gesture. The White House has not disclosed next steps for the offshore projects facing legal challenges.

TREE NEWS update: UK Chancellor John Healey will impose a 15% tax on UK property portfolios held by sovereign wealth funds, ending their exemption from rental income tax. Treasury documents published after Healey’s first budget show the measure is expected to raise about £700 million ($932 million) by the 2029-30 fiscal year.

TREE NEWS reports: Phillips 66 executive vice president Brian Mandel told analysts on a conference call that Russia does not have enough distillate to meaningfully affect the market, calling it a drop in the bucket compared with offline distillate capacity. The assessment from one of the largest US fuel producers further undercuts President Trump’s strategy of easing restrictions on Russian diesel exports to push oil prices down.

TREE NEWS reports: Jeffrey Gundlach, known as the “new bond king,” said his equity allocation is about 30% and is held solely in the equal-weight S&P index. The remark, reported as a brief portfolio update, gives no further detail on timing or the size of the position. It marks a notably defensive stance on U.S. equities from the veteran bond investor.

TREE NEWS update: Third-quarter GDP and September PCE data will be released simultaneously on Oct. 29 at 8:30 a.m. ET, with the market expecting annualized GDP growth of about 3.2% and core PCE up about 0.3% month on month and 3.1% year on year. The Fed voted 10-2 to hold rates at 3.75%-4.00%, with both dissenters favoring a hike. The data will be the first major releases since that decision and will influence the December meeting.

TREE NEWS update: Federal Reserve Chair Warsh sidestepped a question on whether the current interest rate level is appropriate, saying there is broad agreement that previous actions have begun to show some effect. He added that no clear conclusion has been reached on whether further rate hikes will be needed. Warsh did not specify a timeline or threshold for future policy moves.

TREE NEWS update: Federal Reserve Chair Kevin Warsh said on Oct. 28 that the Fed will deliver price stability “no ifs, or buts,” with a firm 2% PCE target and no soft inflation goal. Warsh added that interest rates “affect almost everything,” including AI and capital spending, where credit spreads have widened and financial conditions have tightened. He said political considerations played no role in the FOMC decision ahead of the midterm elections.