Flash News

TREE NEWS reports: European diesel futures dropped to an intraday low close to $1,350 per tonne. The move extended losses in the region’s diesel contract, with the price touching the session’s weakest level. No further details on the drivers of the decline were given.

TREE NEWS update: US President Donald Trump said Europe has just agreed to release large volumes of diesel from well-stocked reserves, with the process to begin immediately. Trump gave no further details on the volumes involved or which European countries or institutions would take part. The announcement concerns diesel supply and does not specify a timeline beyond an immediate start.

TREE NEWS reports: US durable goods orders for August were revised to a final reading of -0.1% month over month, down from an initial estimate of 0%. The revision marks a slight contraction in orders for long-lasting manufactured goods during the month, compared with the previously reported flat reading.

TREE NEWS reports: US nondefense capital goods orders excluding aircraft rose 1.6% month over month in August, the final reading showed, unchanged from the 1.6% preliminary estimate. The figure, a closely watched gauge of business investment, confirms the earlier print with no revision.

TREE NEWS reports: US factory orders excluding transportation rose 0.3% month over month in August, coming in below the 0.5% consensus expectation and slowing from a 0.6% gain in the prior reading. The print points to softer underlying demand for manufactured goods as the prior month’s pace was revised down in the comparison.

TREE NEWS update: French President Emmanuel Macron said the G7 has decided to release diesel and crude oil reserves, with the stockpiles to be drawn down over a four-month period. Macron announced the decision without specifying volumes or a start date. The move is a coordinated response by the group’s member states to oil market conditions.

TREE NEWS reports: The S&P 500 rose 1% to a new intraday record, while the Nasdaq 100 gained 1.3% in the same session. The move marked a fresh intraday high for the benchmark US equity index as technology shares led the advance.

TREE NEWS reports: US President Donald Trump is expected to appoint Clayton as his new head of artificial intelligence affairs, with an announcement possible as early as Friday. The decision concerns the administration’s AI affairs post.

TREE NEWS update: Israeli Prime Minister Benjamin Netanyahu said on October 2 that an attack on a Dubai-bound flight was a narrowly averted major terrorist attack and vowed to retaliate against those behind it. “We are currently investigating whether he was directed by others. Whoever is behind it will pay an extremely heavy price,” Netanyahu said in a statement.

TREE NEWS update: White House National Economic Council director Kevin Hassett said the administration wants mortgage rates to come down, adding that strong housing data reflects a very strong economy. Hassett made the remarks without specifying any policy measure or timeline. The comments come as housing indicators have strengthened.

TREE NEWS update: White House National Economic Council Director Kevin Hassett said the Navy has reopened the Strait of Hormuz and crude oil is now being transported through it. Hassett added that more energy-related announcements are coming next week.

TREE NEWS reports: Ford Motor retained its third-place ranking in US light-vehicle sales in the third quarter, narrowly holding off Hyundai Motor Group. Ford sold 507,395 light vehicles in the quarter, down 6.6% year over year; the figure excludes its largest heavy-duty pickups, which are classified separately. Hyundai Motor Group, including Hyundai, Kia and Genesis, sold 506,200 units, up 5.4%.

TREE NEWS update: Swedish parliamentary Speaker Andreas Norlén on October 2 again tasked Social Democratic leader and former prime minister Magdalena Andersson with trying to form a new government. The renewed mandate follows the inconclusive outcome of Sweden’s recent election, leaving Andersson to seek a viable coalition majority in the Riksdag.

TREE NEWS reports: US nonfarm payrolls came in below expectations, unexpectedly cooling the labor market and weakening expectations for an October Fed rate hike. The three major US indexes opened higher, with the Nasdaq up 1.28%, the S&P 500 up 0.90% and the Dow up 0.66%. Nvidia gained more than 2% and Tesla rose 1.63% after third-quarter deliveries beat market expectations, while Seagate fell more than 13% and Nike opened down 6.5%.

TREE NEWS update: White House National Economic Council Director Kevin Hassett said government employment is declining while other industries are adding jobs. The comment frames the labor market as broadening beyond the public sector. No figures or date were given.

TREE NEWS update: The United States has suspended public services at its embassy and consulates in Brazil, citing security concerns, without specifying the nature of the threat. Australia’s embassy in Brazil said it would also suspend services. Brazil is due to hold elections on October 4 for president, governors, senators and federal, state and district legislators.

TREE NEWS update: Petrobras has discovered a new offshore oil field off the coast of Amapá state in northern Brazil, the company said. No reserve estimates, well depth or production timeline were disclosed. The find adds to the state-controlled producer’s exploration portfolio in the equatorial margin, a frontier basin Brazil has been pushing to open.

TREE NEWS reports: Bitcoin climbed to $86,000 to kick off October, a move traders dubbed ‘Uptober.’ Cooler inflation data and two dovish Federal Reserve speakers shifted market odds toward a rate hold. Payrolls data is due next, with CPI scheduled for October 14.

TREE NEWS update: Pakistan’s foreign minister said on the 2nd that no fees should be charged for passage through the Strait of Hormuz. The statement addresses tolls on the key oil-transit waterway, a chokepoint for global crude shipments. No further details were given.

TREE NEWS reports: South Korea’s core inflation held at 2.8% while exports hit a record $120.9 billion, strengthening expectations that the Bank of Korea will raise rates in November. The data came alongside a weaker-than-expected US September nonfarm payrolls report that pushed Treasury yields lower and US equity futures higher. Oil prices fell after French President Emmanuel Macron called on the G7 to coordinate a joint strategic reserve release.