Flash News

TREE NEWS reports: US and Indian officials signaled that trade negotiations between the two countries have stalled, making an agreement harder to reach. Indian Finance Minister Nirmala Sitharaman said the talks have “entered a plateau” and that further compromise will be difficult. US Trade Representative Jamieson Greer said Friday the negotiations are in their final stage but not “imminent” to conclude.

TREE NEWS reports: The secured overnight financing rate (SOFR) came in at 3.88% for the October 2 trading session, a nonfarm payrolls day, up from 3.87% the prior day. The effective federal funds rate was unchanged at 3.88% for the same session, matching the previous day’s level.

TREE NEWS reports: US President Donald Trump is preparing to ease restrictions on the use of a type of tax-exempt diesel, his latest move to lower the cost of the key fuel ahead of November’s midterm elections. The administration plans to unveil the measure for so-called “red dyed diesel” on Monday, people familiar with the matter said. Full details of the plan were not immediately available.

TREE NEWS reports: The world’s roughly 100 tech billionaires on the Bloomberg Billionaires Index added a combined $845 billion in the first nine months of 2025 through September 30, the largest such gain on record, as the AI boom and surging tech stocks drove global markets. Their total wealth reached $4.6 trillion, 36% of the index, while billionaires outside tech lost $62 billion and US billionaires accounted for 94% of the index’s net gain.

TREE NEWS update: US Vice President JD Vance said the United States has withdrawn bombers from a base in the United Kingdom, citing security considerations. Vance gave no further details on the number of aircraft involved or the specific threat behind the move. The withdrawal was announced on the date of the statement.

TREE NEWS reports: BMO Global Asset Management’s Earl Davis said a rise in the US 30-year Treasury yield above 6% is “inevitable” and could happen as soon as October, as bond-market volatility feeds a loop that pushes yields higher. Davis said markets tend to focus on only one thing at a time, and investors are now “really focused on rates themselves.”

TREE NEWS update: French trade unions have called a nationwide strike for November 5, the date set out in their joint announcement. The action would span the country. No further details on participating sectors or demands were given.

TREE NEWS reports: The Nasdaq Composite set a fresh intraday record high on October 5, climbing to near 27,400 points. The index’s move to a new all-time intraday peak marks the latest leg of its advance.

TREE NEWS reports: The Nasdaq Composite set a fresh all-time intraday high, climbing to within striking distance of 27,400 points during the session. The index’s record print marks a new peak for the tech-heavy benchmark.

TREE NEWS reports: Surveys by Visa and CoinShares found 46% of Asia-Pacific respondents may use stablecoins within five years, with 16% having used them in the past 12 months, while 66% know of stablecoins but only 6% understand how they work. CoinShares found most wealthy investors across seven markets already hold digital assets, ranging from 54% in Sweden to 70% in the US, UK and Germany, with allocations near 10% of portfolios.

TREE NEWS reports: Iraq is seeking to add oil tankers to strengthen its control over crude shipments through the Strait of Hormuz. The move would expand Baghdad’s own fleet capacity for exports routed through the strategic chokepoint, through which a large share of global seaborne oil passes. No figure for the number of vessels or timeline was given.

TREE NEWS update: Iran’s Interior Minister traveled to Doha to take part in talks, Iran’s Student News Agency reported. No further details on the agenda, the parties involved or the timing of the meetings were given. The trip comes amid heightened regional diplomacy.

TREE NEWS update: US Vice President JD Vance and several Cabinet members met last Friday to discuss Iran. No further details on the agenda, participants or conclusions of the meeting were disclosed. The gathering comes amid ongoing regional tensions involving Iran.

TREE NEWS reports: The US ISM services index came in at 54.9 for September, below the 55.0 consensus estimate and down from 55.4 in the prior month. The reading still signals expansion in the services sector, which accounts for the bulk of US economic activity.

TREE NEWS reports: The final reading of the S&P Global US Composite PMI for September came in at 58.4, in line with both the preliminary estimate and the consensus forecast of 58.4. The unchanged figure confirms the earlier flash estimate for the month.

TREE NEWS reports: The 10-year US Treasury yield broke above 5.34% intraday on Oct 1, its highest since 2002, while the 30-year hit 5.623% on Oct 2 — the steepest quarterly rise in 32 years. The selloff spread globally, with UK 30-year gilts touching 6% and France’s 10-year spread over Germany at 146.68bp. Bitcoin rose about 33% in Q3 even as yields climbed 72bp.

TREE NEWS reports: The iShares MSCI Brazil ETF (EWZ) opened 12% higher. The sharp opening gain marks a strong start for the Brazil-focused exchange-traded fund.

TREE NEWS reports: US stocks opened mixed, with the Dow down 0.13%, the S&P 500 up 0.08% and the Nasdaq up 0.13%. Intel fell nearly 3%, while TSMC rose more than 1% after reports it is in talks with Elon Musk’s Terafab over a potential collaboration. Vaxcyte surged 53% after its pneumococcal vaccine met late-stage clinical trial goals.

TREE NEWS reports: US stocks opened mixed on October 5, with the Dow Jones Industrial Average down 0.12%, the Nasdaq Composite up 0.06% and the S&P 500 up 0.05%. The modest moves left all three major indexes near flat shortly after the opening bell.

TREE NEWS reports: Brazil’s small-cap stock index surged 9.3%, its largest single-day advance since March 2020. The move marks the sharpest one-day rally for Brazilian small-cap equities in more than five years.