Flash News

TREE NEWS reports: The pan-European Stoxx 600 index extended its gain to 0.5% on the session, setting a new intraday high. The move marks a fresh record level for the benchmark during the trading day.

TREE NEWS reports: Brent crude fell 1.5% intraday to trade at $100.77 a barrel. The move marks a sharp intraday decline for the global benchmark, which remains above the $100 level.

TREE NEWS update: Inner Mongolia will carry out more than 157 million mu (about 10.5 million hectares) of ecological construction over the next five years under its newly published 15th Five-Year Plan for forestry and grassland protection and utilization, the regional forestry and grassland bureau said. Desertification control is the main focus, including standardized solar-powered sand control and expanded use of grass, road and technology-based methods.

TREE NEWS reports: China’s 2026 National Day holiday box office, covering October 1 to October 7, has surpassed 300 million yuan including presales. “Shen Tan Zhi Hen Ji,” “Shen Me Yi Si Fu Fu” and “Avengers: Endgame (Premium Enhanced Edition)” currently rank as the top three films of the period.

TREE NEWS update: European Central Bank Governing Council member Olli Rehn said rising energy prices are bringing inflation closer to the ECB’s adverse scenario. He said the ECB’s projections are subject to very high and broad uncertainty. Higher long-term interest rates would slow economic growth and reduce the pass-through of the energy shock to prices and wages, he added, flagging a sudden reversal in market sentiment on artificial intelligence as one major uncertainty.

TREE NEWS update: SK Group Chairman Chey Tae-won will sell a 2.26% stake in SK Inc for 944 billion won. The share sale is intended to raise personal funds. The disclosure did not specify a buyer or a closing date for the transaction.

TREE NEWS update: IG Group shares fell as much as 26% after the UK-listed trading platform updated its business outlook and warned of pressure on both revenue and profit margins. The decline marked one of the stock’s sharpest single-day drops, with the warning covering the company’s core revenue and margin guidance.

TREE NEWS update: Volvo Car shares fell 3.5% after the automaker withdrew its 2026 sales and cash flow outlook. The Swedish company dropped the forward guidance without providing a replacement target. No further details were disclosed in the statement.

TREE NEWS reports: Kering shares fell 4% in early European trading after JPMorgan lowered its expectations for the luxury group, citing a weaker outlook for the luxury industry. The downgrade of the French owner of Gucci reflects broader analyst caution on high-end consumer demand.

TREE NEWS reports: European equities opened higher, with the Euro Stoxx 50 up 0.4% and Germany’s DAX gaining 0.3%. The UK’s FTSE 100 rose 0.2% and France’s CAC 40 added 0.2% in early trade.

TREE NEWS update: Canada’s government on the 1st renamed a proposed west coast oil pipeline the “Pacific Link Pipeline” and designated it a “national interest” project, a move expected to sharply cut the country’s reliance on pipeline shipments of oil to the United States. The project is intended to open an alternative export route off Canada’s Pacific coast.

TREE NEWS update: El Al said on October 2 that a flight scheduled to depart for Dubai that day to bring back stranded Israeli travellers was cancelled after the United Arab Emirates abruptly revoked its landing permit. Flights planned for next week remain on the schedule, but all tickets are sold out, the airline said.

TREE NEWS reports: Australia’s S&P/ASX 200 index closed 0.8% higher. The benchmark finished the session in positive territory, with the gain marking the index’s closing level for the day.

TREE NEWS reports: The US September nonfarm payrolls report will be released Friday at 20:30 Beijing time, with a Reuters survey projecting a gain of 90,000 jobs, down sharply from 162,000 in August, while the unemployment rate is expected to hold at 4.1% for a third straight month. The data will be a key gauge of labor market resilience and of whether another rate hike is needed in October, after the Federal Reserve delivered its first hike in three years in September.

TREE NEWS reports: China’s autumn grain harvest has passed 30% nationwide as of Oct 1, the Ministry of Agriculture and Rural Affairs said. The southwest is nearly 70% complete, the middle and lower Yangtze region 45%, the Huang-Huai-Hai plain and the northwest each over 30%, and the northeast over 10%. Mostly clear weather in the north recently has favored the harvest.

TREE NEWS reports: The South Korean won strengthened as much as 0.7% against the US dollar during intraday trading, making it the best-performing currency in Asia. The move marks one of the won’s largest single-day gains versus the dollar in recent sessions, outpacing other regional currencies.

TREE NEWS reports: Switzerland’s glaciers lost nearly one-fifth of their total ice volume over the past five years, the Swiss Academy of Sciences said on the 1st, citing data from the Swiss Glacier Monitoring Network. In 2026 alone, glacier volume fell 5.5%, the second-largest loss on record after 2022. Individual glaciers thinned by an average of 2.5 to 4 metres, with ice loss reaching 10 metres in some glacier tongue areas this summer.

TREE NEWS update: German Chancellor Friedrich Merz said on Oct. 1 that Germany will continue to support Ukraine while pursuing a diplomatic path to end the Russia-Ukraine conflict. Speaking at a press conference in Münster, North Rhine-Westphalia, alongside Dutch Prime Minister Rob Jetten and NATO Secretary General Mark Rutte after inspecting the 1st German-Netherlands Corps, Merz said the war directly affects European security and that Germany will keep strengthening its military capabilities and economic resilience.

TREE NEWS update: China’s national railway network carried 25.204 million passengers on October 1, a record for a single day. Service was safe, stable and orderly. For October 2, the railway operator expects 20.39 million passengers and is adding 1,462 extra trains.

TREE NEWS reports: Japan’s 40-year government bond yield rose 5 basis points to 4.27%. The move extends the upward shift in long-dated Japanese sovereign yields, with the 40-year tenor now yielding 4.27%.