TREE NEWS reports: France’s bond risk premium rose to 150 basis points, marking the first time it has reached that level since 2012. The spread, which measures the extra yield investors demand to hold French government debt over comparable German bunds, has widened amid sustained pressure on French sovereign bonds.
TREE NEWS reports: The average price of diesel in the UK rose above £2 per litre for the first time. The milestone marks a fresh record high for the fuel, which is used across haulage, farming and industry as well as by motorists.
TREE NEWS reports: Eight Beijing Stock Exchange-themed funds will begin offering after China’s National Day holiday, as the BSE 50 Index has fallen more than 27% year to date and is down over 34% from its record high. A fund manager said the current window of thin trading and frozen sentiment is a key opportunity to build left-side positions through the new products.
TREE NEWS reports: Libya’s preliminary loading schedule shows the country will export about 1.1 million barrels per day of crude in October, the lowest level since January 2025. September exports stood at 1.23 million barrels per day.
TREE NEWS reports: The sharp widening of eurozone sovereign bond spreads slowed on Friday, as traders bet the European Central Bank will be forced to deliver fewer interest-rate hikes to support the bloc’s more heavily indebted members. Traders began factoring the surge in peripheral borrowing costs into their view of the wider economy, prompting them to sharply scale back wagers on the size of ECB rate increases.
TREE NEWS update: Russian Deputy Prime Minister Alexander Novak said Russia will consider partially lifting its diesel export restrictions. The announcement signals a possible easing of the curbs, though no timeline or scope was given. Russia had imposed the ban to stabilize domestic fuel supplies.
TREE NEWS reports: Bitcoin buyers broke through a wall of ask liquidity to reach new October highs near $87,800, with short liquidations topping $120 million. The area immediately above the current price now forms a new resistance hurdle.
TREE NEWS update: Amazon launched a community investment program called “Building the Future Together,” pledging $1 billion over five years to the communities hosting its data centers. The company said the funds will go to those local areas, without detailing individual projects or a start date. The figure covers a five-year period beginning with the program’s launch.
TREE NEWS reports: The eurozone’s core harmonised index of consumer prices rose 2.5% year on year in September on a flash estimate, in line with the 2.5% consensus expectation and up from 2.4% the previous month. The core gauge strips out volatile food and energy prices.
TREE NEWS reports: Yukio Kani, chairman and global CEO of Jera Co., the world’s largest LNG buyer, said Qatari LNG is unlikely to return to the market soon as disruption to transit through the Strait of Hormuz continues. Before the Middle East war, the region accounted for about one-fifth of global LNG supply. Kani said spot LNG prices are now double last year’s level, with market participants worried about the coming winter.
TREE NEWS update: French President Emmanuel Macron on October 2 called on the Group of Seven to take coordinated action to curb fuel price increases and to avoid imposing export restrictions. The United States is pressing Europe to draw further on its fuel reserves, particularly urging France and Germany to release emergency diesel stocks.
TREE NEWS reports: UK new car sales in September reached their highest level since 2017. The monthly figures mark the strongest September performance for the British new-car market in eight years. No further details on the volume or the drivers behind the increase were provided in the data.
TREE NEWS update: French President Emmanuel Macron said the G7 should act in a coordinated way rather than setting export restrictions. He made the remark as the group weighs its response to global trade and technology tensions, arguing that joint action is the preferred route over unilateral curbs.
TREE NEWS update: France is convening G7 leaders to discuss oil supply and prices, the French government said. The meeting will focus on the oil market, with supply levels and price levels on the agenda. No date or further details were given.
TREE NEWS update: French President Emmanuel Macron held phone calls with US President Donald Trump and Canadian Prime Minister Mark Carney to discuss energy and fuel prices, the French presidency said. The Élysée Palace confirmed the conversations without disclosing further details on the content or any agreed measures.
TREE NEWS reports: US equity index futures extended their gains, with Nasdaq 100 futures rising 0.9% and S&P 500 futures up 0.5%. The move reflects firmer risk appetite in pre-market trading, with the tech-heavy Nasdaq 100 leading the advance.
TREE NEWS reports: Hong Kong stocks closed sharply lower, with the Hang Seng Index down 2.60% and the Hang Seng Tech Index down 2.26%. Li Auto dropped more than 5%, while Tencent Holdings and Alibaba both fell more than 2%.
TREE NEWS reports: International crude oil prices extended losses, with WTI falling below $90 a barrel, down more than 3.0% on the day. Brent crude also slipped below $100 a barrel and was quoted at $99.95. The declines mark a continued slide in international oil benchmarks.
TREE NEWS reports: France proposed that European countries and International Energy Agency members release 100 million barrels of diesel and crude oil to ease pressure from the Trump administration over lowering fuel prices. The plan, raised on a European officials’ conference call, calls for European nations to release 50 million barrels of diesel while IEA members release 50 million barrels of crude.
TREE NEWS reports: Italy’s retail sales rose 0.5% year-on-year in August, down from a 0.8% increase in the previous month. The reading points to a slower pace of annual growth in Italian retail activity.
Subscribe to get important Web3 & AI updates from the TREE NEWS desk by email — free.