Flash News

TREE NEWS update: Dallas Fed President Lorie Logan said inflation is falling but not on a path to 2% and called for raising the target rate range by at least 50 basis points, adding that the FOMC should hike. Logan said the labor market is coming into balance as growth strengthens, and that higher term premiums could help slow economic growth.

TREE NEWS reports: South Korea’s consumer price index rose 0.3% in September from the previous month, coming in below the 0.4% forecast and accelerating from the 0.2% gain recorded in August. The month-on-month reading is the only figure released in the data set.

TREE NEWS update: Russian President Vladimir Putin said on October 1 that Russian forces took control of 1,301 square kilometers in the special military operation zone during September, adding that the offensive is intensifying. Speaking at the Valdai International Discussion Club’s annual meeting, Putin said making Ukraine neutral remains a Russian goal and that Moscow wants to end the conflict soon and is ready for peace talks based on national interests, blaming Kyiv for breaking off negotiations.

TREE NEWS update: The US Office of Management and Budget has released the 2027 schedule for the publication of federal economic indicators. The calendar sets the release dates for official US economic data next year. No further details were provided.

TREE NEWS update: The Saudi-led coalition said on the 1st that it intercepted and destroyed two ballistic missiles and four drones launched by Yemen’s Houthis toward the Saudi cities of Khamis Mushait and Jazan. Coalition spokesman Turki al-Maliki said the coalition is continuing combat measures to deter the Houthis. Saudi civil defense said falling debris from an intercepted missile damaged buildings and vehicles in a residential area of Khamis Mushait.

TREE NEWS update: A fire broke out at a chemical plant in Krasnozavodsk in Russia’s Moscow region on the first of the month, causing one workshop building to collapse, Russia’s Emergencies Ministry said. Forty people were evacuated and up to four may be trapped, with rescuers working to confirm their whereabouts. Local officials said the blaze had spread across 1,000 square metres and preliminary information showed it was not linked to a drone attack.

TREE NEWS reports: The US September nonfarm payrolls report, including employment, unemployment rate and average hourly earnings, is due at 20:30 Beijing time, alongside Eurozone September CPI flash estimates at 17:00. Dallas Fed President Lorie Logan, a 2026 FOMC voter, speaks twice, while ECB officials including Vice President Boris Vujcic and German Bundesbank President Nagel also appear. OPEC+ meets Sunday.

TREE NEWS update: China’s permanent representative to the UN, Fu Cong, delivered a joint statement on behalf of 28 like-minded countries at the UN General Assembly’s Third Committee, urging the international community to resolutely curb unilateral coercive measures. Fu said such measures, along with secondary sanctions and over-compliance, worsen humanitarian and economic challenges and threaten food, energy and financial security. He also criticized the growing use of tariffs as a tool of unilateral coercion.

TREE NEWS update: Turkey’s Foreign Ministry condemned a Houthi attack on civilian facilities linked to the Prophet’s Mosque in Medina, calling for an immediate and unconditional halt to the strikes. The ministry said the attack threatens Saudi Arabia’s sovereignty and security, reaffirmed Turkey’s support for Riyadh, and urged restraint to prevent further regional escalation.

TREE NEWS update: Vale said it will release its quarterly earnings report and production data together on October 29. The Brazilian mining giant is bundling the two disclosures into a single release, rather than issuing them separately as it has in the past. No further details on the timing or format of the release were given.

TREE NEWS update: Mexico’s economy minister said the country will send a trade delegation to the European Union next spring, part of a push to broaden its trade ties. Mexico also plans to dispatch a second trade delegation to Canada, the minister said. No dates, delegation members or negotiating agenda were disclosed.

TREE NEWS reports: Republican lawmakers are considering a plan to raise the US debt ceiling quickly in the final weeks of the current Congress, aiming to deny Democrats a powerful point of leverage over Donald Trump’s administration even if they win a congressional majority. Senate Finance Committee Chairman Mike Crapo said Wednesday: “We should get this done as early as possible.” The committee holds jurisdiction over fiscal matters.

TREE NEWS reports: Citi sees EUR/USD at risk of falling toward 1.0850, flagging the danger of a European Central Bank policy error from its hawkish stance. The bank also said that risk weighs on EUR/CHF to the downside.

TREE NEWS update: New Zealand Energy Minister Simeon Brown said the National-led government remains 100% committed to advancing a liquefied natural gas import terminal. Brown said the project is in a procurement process that is taking longer than expected, and that a decision will likely only be made after the general election.

TREE NEWS reports: The 10-year US Treasury yield fell 4.42 basis points to 5.2407% in New York trading on Thursday, October 1, after earlier touching levels near the 2002 first-quarter peak of 5.4730%. The 2-year yield dropped 9.56 basis points to 4.7914%, pressured by a string of Federal Reserve officials’ remarks dimming prospects for an FOMC rate hike. The 30-year yield slipped 1.84 basis points to 5.6126%.

TREE NEWS reports: MSCI’s emerging-market stock index rose 0.2%, while its developing-nation currency index fell 0.3%. The two gauges moved in opposite directions, with equities edging higher as emerging-market currencies weakened against the dollar.

TREE NEWS reports: FTSE China A50 index futures closed the overnight session up 0.25% at 13,896 points.

TREE NEWS reports: At the close of trading in New York on Thursday, October 1, US equity index futures ended higher. S&P 500 futures rose 0.22%, Dow futures added 0.05%, and Nasdaq 100 futures gained 0.31%. Russell 2000 futures advanced 0.45%.

TREE NEWS reports: Chile’s mining minister said the country’s recent copper production decline is temporary, after a series of setbacks at the world’s largest copper producer. The minister expressed optimism about output next year. No specific figures or timeline were given.

TREE NEWS reports: The offshore yuan (CNH) closed at 6.7142 per dollar in New York on Thursday, October 1, down 54 points from Wednesday’s New York close. The currency traded between 6.7082 and 6.7222 during the session, which ended at 04:59 Beijing time Friday.