Flash News

TREE NEWS update: Iranian Foreign Minister Araghchi said Iran’s armed forces are fully prepared to defend the country at any time, while Tehran continues to give diplomatic efforts a chance to succeed. Iran is in close and continuous communication with mediators, studying proposals to implement a “seven-day plan” in less than a week.

TREE NEWS reports: Bitcoin failed to break above its 50-day simple moving average, with the price bounce rejected as market participants awaited the outcome of the FOMC meeting and key tech earnings. The 50-day trend line acted as resistance for the largest cryptocurrency.

TREE NEWS update: Airbus reported third-quarter adjusted EBIT of €1.77 billion, falling short of the €1.79 billion analysts had expected. The figure was disclosed in the company’s quarterly earnings update. No further details on revenue or guidance were included in the release.

TREE NEWS reports: ICE UK natural gas futures rose 4.31% to 247.550 pence per therm in late European trading on Wednesday, October 28, extending gains between 18:00 and 18:53 Beijing time to a peak of 249.010 pence. The TTF benchmark Dutch gas contract gained 3.82% to €100.550 per megawatt-hour, having touched €100.910 at 00:02. ICE EU carbon allowance futures added 1.11% to €89.03 per tonne.

TREE NEWS reports: The MSCI Nordic Countries Index rose 0.5% to 401.41 points, its highest close since Sept. 8. Nordic healthcare was the best-performing of the ten sectors. Danish biotech company Genmab A/S led all Nordic stocks, surging 29.06% to 3,868.00 Danish kroner, its highest close since its 2020 Copenhagen IPO.

TREE NEWS update: Dutch Prime Minister said buying Russian energy is a very stupid idea and assured that no European leader would be willing to purchase Russian gas in the coming years. He added that the goal is for Russia to stop the conflict.

TREE NEWS reports: Germany’s DAX 30 index closed provisionally up 0.40% at 25,691.20 points. France’s CAC index gained 0.03% and Italy’s FTSE MIB rose 0.36%, while the Italian bank index slipped 0.2%. The UK’s FTSE 100 also finished 0.03% higher.

TREE NEWS reports: Europe’s STOXX 600 closed provisionally 0.07% higher at 644.13 points, while the euro-zone STOXX 50 added 0.04% to 6,166.93. The FTSE Eurofirst 300 also rose 0.07% to 2,568.55, leaving the region’s main benchmarks little changed on the session.

TREE NEWS update: US Energy Secretary Chris Wright said diesel prices are set to drop significantly, without giving a timeline or specific figure. The remark is a direct comment from a senior energy official on fuel costs. No further details were provided on the cause or scope of the expected decline.

TREE NEWS reports: UK fiscal watchdog the Office for Budget Responsibility said measures announced by Chancellor John Healey to shield households from energy costs will cut inflation by just 0.1 percentage point next year, before adding the same amount to price growth in 2028. The OBR forecasts inflation will peak at 3.8% on a quarterly basis early next year, with an average of 3.4% across 2027.

TREE NEWS reports: TD Securities forecasts the Bank of Canada will raise interest rates again in December, the firm said in a research note. No further details on the expected size of the increase or the reasoning behind the call were provided.

TREE NEWS update: Brazil’s Supreme Federal Court on the 28th denied reports that Justice Alexandre de Moraes had authorized a search of the home of Flávio Bolsonaro, the Liberal Party candidate who lost the presidential election. The court rejected the rumor, which had circulated in local media. No further details were provided.

TREE NEWS update: Italian Prime Minister Giorgia Meloni said Italy will make its vehicle tax relief permanent in the 2027 budget. The measure would remove the current time limit on the tax break, which the government had previously extended on a temporary basis. No further details on the scope or fiscal cost of the permanent relief were given.

TREE NEWS reports: Canada’s 2-year government bond yield climbed 7.2 basis points to 3.441% on Monday, its highest level since August 2024. The move extends a rise in short-term Canadian rates, with the 2-year yield now at its loftiest point in roughly ten months.

TREE NEWS reports: Bitwise raised its long-term bitcoin price target to $1.6 million by 2036, projecting 34% annualized returns over the decade, the asset manager said. Its bear case puts bitcoin at $130,686 by 2036, while the bull case reaches $3.67 million over the next ten years.

TREE NEWS update: UK Prime Minister Burnham said the country will not hold an early general election within the next 12 months, reaffirming the government’s position on the timing of the vote. The statement rules out a snap poll over the coming year.

TREE NEWS update: Spain’s Transport Minister Óscar Puente said on the 28th in Madrid that the train collision near Toledo in Castilla-La Mancha that morning was caused by a computer failure in the rail network’s safety system. Three computers in the rail network suffered communication failures before the crash, disabling train control and safety systems on a roughly 63-kilometer stretch near Toledo-Urdá station.

TREE NEWS update: The Bank of Canada raised its policy rate for the first time since 2023, citing inflation risks from higher energy prices, and warned borrowing costs may need to rise further with decisions made meeting by meeting. Revised forecasts put inflation at 3.5% by year-end, with the 2% target not reached until mid-2028. Governor Tiff Macklem said higher energy prices are expected to persist and cost pressures are building, while the two-year benchmark yield rose above 3.4%.

TREE NEWS reports: Russia’s gross domestic product grew 0.5% year-on-year in September, with industrial output rising 1.8% over the same period. The figures, reported on the country’s official economic data, offer a snapshot of Russian growth as the war in Ukraine and Western sanctions continue to weigh on the economy. No further breakdown of the September data was provided.

TREE NEWS reports: Ibrahim Ajami, head of Mubadala Ventures, is launching a $500 million fund, the Financial Times reported. The new vehicle will be led by the executive who oversees the Abu Dhabi sovereign wealth fund’s venture arm. No further details on the fund’s investment focus or timing were provided.