TREE NEWS reports: US sector ETFs closed mixed on Tuesday, September 29. Banking and regional bank ETFs fell as much as 1.04% and the energy sector ETF dropped 0.9%, while the global tech index ETF gained 0.38%, the internet stock index ETF rose 0.63% and the semiconductor ETF climbed 1.15%.
TREE NEWS reports: The United States Brent Oil Fund closed down 2.62% on Tuesday, September 29, leading losses among major US asset-class ETFs. The 20+ Year Treasury Bond ETF fell 0.5% and the Russell 2000 ETF slipped 0.34%, while the Gold ETF rose 1.32%, the Soybean Fund gained 0.88% and the Nasdaq 100 ETF added 0.22%.
TREE NEWS update: Spain’s King Felipe VI said the mass migrant entry in the autonomous city of Ceuta in late July was “unacceptable,” describing it as a “mass invasion of tens of thousands of people” that violated Spanish and EU borders. Speaking at a welcome dinner on September 29 during the state visit of French President Emmanuel Macron, he said the situation must push EU member states to strengthen cooperation to defend the bloc’s southern border.
TREE NEWS update: New York Fed President John Williams said long-term bond yields are not linked to a shift in inflation expectations, adding that oil prices are also a factor driving yields. He said the Fed does not consider US elections when making policy rate decisions, and noted the rise in long-term yields is not confined to the US, with growth prospects and AI demand both contributing to yield swings. Williams expects inflation to decline, though the persistence of AI’s impact remains a question.
TREE NEWS reports: The Bloomberg Electric Vehicle Price Return Index fell 0.80% on Tuesday, September 29, closing at 3,128.25 points. The index dropped sharply in early Asia-Pacific trading and then oscillated near its lows for most of the session.
TREE NEWS reports: The Nasdaq Golden Dragon China Index ended its session down 1.6%, with Chinese ADRs broadly lower. Pony.ai fell 5.9%, while Tencent Music, NIO, 21Vianet, Xiaomi, BYD and Trip.com each dropped at least 3.2%, and Alibaba slipped 1.1%. Solar names bucked the trend: Canadian Solar jumped 11.7%, JinkoSolar rose 4.6% and Daqo New Energy gained 3.8%. The KWEB ETF fell 1.1% and CQQQ lost 0.5%.
TREE NEWS reports: The S&P 500 closed 0.2% lower, with energy down 0.9% and technology off 0.2%, while telecoms gained 0.5%. The Nasdaq 100 finished 0.2% higher, led by Lumentum up 5.4% and gains of at least 3.4% in Applied Materials, DoorDash, KLA, Marvell, Arm and ASML’s ADR, with Meta up 3%. Apple fell 2.6% and Strategy dropped 2.1%.
TREE NEWS reports: Israel’s military and security officials said on the 29th that, based on weekly multi-front situation assessments, there is no confirmed information or evidence indicating Israel will face a major attack before the election. The assessment was issued by military and security sources, who said the picture could change.
TREE NEWS update: US President Donald Trump said Iran has “performed very poorly” and that it remains unclear whether Tehran will make any concessions, in remarks delivered on the record. Trump offered no further detail on what concessions were under discussion or what prompted the assessment. No timeline or specific policy step was attached to the comment.
TREE NEWS reports: The euro fell 0.26% against the dollar to 1.1341 in New York trading on Tuesday, September 29, sliding steadily through the session. It touched 1.1312 at 00:58 Beijing time, approaching the May 29, 2025 intraday low of 1.1210. The euro also slipped 0.07% versus sterling, while the dollar rose 0.19% against the Swiss franc.
TREE NEWS update: US President Donald Trump said he appreciates Nvidia CEO Jensen Huang. The remark was made without further detail on the context or the timing of the comment. No policy, meeting or transaction was disclosed alongside the statement.
TREE NEWS update: Iraq’s Ministry of Transport said on the 29th that Iraqi Airways has received a special exemption to resume flights between Najaf International Airport and Iran starting in October. The airline is now preparing for the restart and will begin operating from Najaf once the necessary organizational and technical requirements are met.
TREE NEWS reports: The dollar fell 0.10% against the yen to 157.24 in New York trading on Tuesday, September 29, with an intraday range of 157.72 to 156.98. The yen also gained against the euro and pound, which fell 0.35% and 0.29% versus the Japanese currency respectively, while the yen rose 0.05% against the offshore yuan.
TREE NEWS update: Iran’s president’s office said the country will never make any compromise on the issue of nuclear rights, calling it the core point emphasized in the president’s speech. The statement was issued by the presidential office, which framed the position as non-negotiable.
TREE NEWS reports: OPEC+ delegates said the group is likely to hold to its existing oil production quota plan. The comments signal no immediate change to the alliance’s scheduled output levels. No further details on timing or volumes were given.
TREE NEWS reports: Gold Fields Ltd. is considering raising the cash component of its takeover offer for Northern Star Resources Ltd. after its initial approach was rejected. The revised bid could help clear a key obstacle in the original proposal and unlock up to $5 billion in synergies at the combined company.
TREE NEWS reports: The ICE US Dollar Index closed up 0.17% at 101.366 in New York late trade on Tuesday, September 29, with an intraday range of 101.177 to 101.612. The index trended higher through Asian hours and hit its session high at 00:58 Beijing time. The Bloomberg Dollar Spot Index also gained 0.16% to 1,218.26.
TREE NEWS reports: At the close of New York trading on Tuesday, September 29, the Bloomberg Grains Subindex rose 0.25% to 33.7613 points. CBOT soybean futures gained 0.72% to $12.9775 a bushel, wheat futures added 0.61%, and soybean oil rose 0.89%. Corn futures slipped 0.14% and soybean meal was up 0.06%.
TREE NEWS update: The US Supreme Court will hear arguments in December on the deportation of migrants, the court’s schedule shows. The case concerns the removal of migrants from the United States, putting the issue before the justices in the final weeks of the year. No further details on the specific case or parties were provided.
TREE NEWS reports: The onshore yuan closed at 6.7065 per US dollar at 03:00 Beijing time, up 53 pips from Monday’s night session close. Turnover in the onshore yuan market totaled $34.19 billion. The move marks a modest strengthening of the Chinese currency against the dollar.
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