Flash News

TREE NEWS reports: The US 10-year Treasury yield rose 2.99 basis points to 5.2706% in Friday’s New York close, after briefly dropping to a session low of 5.1528% within a minute of the 20:30 Beijing-time nonfarm payrolls release, finishing the week up 11.02 basis points. The 2-year yield gained 3.12 basis points to 4.8247%, hitting a session low of 4.6913% after the data before climbing to a session high of 4.8477%, and ended the week down 2.69 basis points.

TREE NEWS reports: FTSE China A50 index futures ended the night session up 0.14% at 13,830 points. The move extends the contract’s overnight trading, which tracks the 50 largest A-share companies listed on the Shanghai and Shenzhen exchanges.

TREE NEWS update: Pakistani security officials said Indian border forces shot dead two Pakistani civilians near the India-Pakistan border in Kasur district, eastern Punjab, on the 2nd. Three villagers had just crossed a boundary marker when Indian personnel opened fire without warning, killing two and wounding one, the officials said, adding that the villagers were unarmed. Pakistan said the action violated border agreements and standard operating procedures.

TREE NEWS reports: US equity futures finished higher in New York late trading on Friday, October 2, a nonfarm payrolls day. S&P 500 futures closed up 0.73%, Dow futures gained 0.52% and Nasdaq 100 futures rose 0.97%. Russell 2000 futures added 0.74%.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.7058 per dollar in New York on Friday, October 2, up 84 pips from Thursday’s New York close, with intraday trading ranging between 6.7192 and 6.7008. For the week, the offshore yuan gained roughly 0.26% against the dollar.

TREE NEWS reports: Spot gold fell 0.96% to $4,137.70 an ounce in late New York trade on Friday, October 2, after spiking to a session high of $4,226.45 when the US nonfarm payrolls report was released at 20:30 Beijing time, then giving back the gains. Gold lost 3.40% for the week. COMEX gold futures fell 3.58% on the week to $4,166.60 an ounce, while spot silver dropped 1.03% to $60.3664 an ounce, down 6.11% for the week.

TREE NEWS reports: MSCI’s emerging markets stock index closed roughly flat, while the developing-nation currency index rose 0.2%. The mixed session left emerging-market equities little changed against modest gains in EM currencies.

TREE NEWS reports: US core PCE rose 0.2% month-on-month and 3.0% year-on-year, below the 3.3% forecast. Headline inflation rose 0.3% month-on-month and 3.4% year-on-year. Bitcoin briefly broke above $85,000 before pulling back, while the US 10-year Treasury yield fell to about 5.20% and then rebounded to about 5.28%.

TREE NEWS reports: Emerging-market ETFs closed up 1.29% on Friday, October 2, leading US asset-class ETF gains alongside the Nasdaq 100 ETF’s 1.02% rise. The Barclays US convertible bond ETF added 0.98%, the Russell 2000 ETF 0.9%, the S&P 500 ETF 0.74% and the Dow ETF 0.49%. The US dollar index long fell 0.24%, the 20+ year Treasury ETF 0.3%, the gold ETF 0.68% and the VIX long 2.19%.

TREE NEWS update: CME Group has paused plans to launch an all-day 10-barrel crude oil futures contract, citing concerns that introducing round-the-clock energy trading without further due diligence could bring additional risk. The exchange also called on the U.S. Commodity Futures Trading Commission to address “unfairness” and restore a level playing field.

TREE NEWS update: US President Donald Trump said he did not act too hastily on the issue of South Korean investment in the United States. The remark addresses the pace of talks over Seoul’s pledged investment commitments to Washington. No further details or figures were given.

TREE NEWS update: US President Donald Trump said he will not impose a ban on diesel exports. Trump added that Europe made a major contribution on releasing reserves, and that the United States did the same. No further details or timing were given.

TREE NEWS update: US President Donald Trump said the situation in Iran is not encouraging, characterizing conditions there as far from positive. The remark, delivered without further specifics, amounts to a direct presidential assessment of the state of affairs in Iran. No additional details, policy measures or timeline were attached to the statement.

TREE NEWS reports: The Nasdaq Golden Dragon China Index closed down 2.09% at 5,519.24, sliding through the New York morning before trading in a narrow low range, and ended the week 2.97% lower. The KraneShares China Internet ETF (KWEB) fell 1.93%, down 2.93% for a second straight weekly decline, while the Invesco China Technology ETF (CQQQ) dropped 1.3% and lost 5.32% on the week.

TREE NEWS reports: On the day the US released its nonfarm payrolls report, the S&P 500 fell about 0.2% cumulatively while the Dow dropped 1.2% and the Nasdaq 100 gained 0.6%. The Philadelphia Semiconductor Index rose 3.8% and a memory-chip index jumped 10.8%, while the Philadelphia Bank Index fell 2.7% and the biotech index lost 1.9%. In preliminary close, the S&P 500 gained 0.7% and the Nasdaq 100 rose 1%, with Teradyne up 8.1% and SpaceX up 7.6%.

TREE NEWS update: The Federal Reserve Board said it will extend the comment period on its proposal to modernize Regulation O until November 4. The rule governs extensions of credit by banks to their own insiders, including executive officers, directors and principal shareholders. The extension gives the public and industry more time to weigh in on the proposed changes.

TREE NEWS reports: Speculators increased net short positions in CBOT US Treasury futures in the week ended September 29, CFTC data show. Net shorts in 10-year Treasury futures rose 88,863 contracts to 900,615, and 5-year Treasury net shorts climbed 114,848 contracts to 995,701. Two-year Treasury net shorts fell 115,041 contracts to 792,024, while ultra-long Treasury net shorts were cut 10,289 contracts to 326,436.

TREE NEWS reports: The dollar fell 0.17% against the yen to 157.83 in Friday’s New York close, retreating from above 157.60 to below 157 after the US nonfarm payrolls report, leaving the greenback up 0.35% for the week within a 156.38-158.45 range. The euro dropped 0.81% against the yen to 177.70, while sterling rose 0.37% to 209.079. The yen also fell 0.58% against the offshore yuan to 4.2497.

TREE NEWS reports: The CFTC reported that speculative net long positions in COMEX gold fell by 6,916 contracts in the week ended September 29 to 124,418 contracts, the lowest in more than two months. The data covers positioning in COMEX gold futures and options.

TREE NEWS reports: Speculative net long positions in NYMEX WTI crude oil fell by 19,672 contracts to 122,916 contracts in the week ended Sept. 29. That marks a four-week low for the positioning gauge.