Flash News

TREE NEWS update: France plans to issue €340 billion in medium- and long-term bonds in 2027, with total financing needs reaching €339.7 billion. A record €189.2 billion of debt maturing will add to refinancing pressure. AFT projects a 3% yield on three-month Treasury bills and 4.3% on the 10-year benchmark bond.

TREE NEWS update: European Central Bank Governing Council member Demarco said higher core inflation could support the central bank taking action, in remarks that pointed to a possible interest-rate move. The comments flag the ECB’s focus on underlying price pressures as it weighs its policy path.

TREE NEWS reports: ICE UK natural gas futures closed down 6.68% in late European trading on Tuesday, September 29, while the TTF benchmark Dutch natural gas contract fell 3.75%. ICE EU carbon allowance futures edged up 0.41% over the same session.

TREE NEWS reports: Bank of England Monetary Policy Committee member Mann said inflation remaining persistently above the 2% target is a credibility issue. The remark points to continued concern within the rate-setting committee over above-target price growth.

TREE NEWS reports: Barclays says the 30-year US Treasury yield could reach 6% if the AI investment boom drives a sustained acceleration in US productivity. Stronger productivity could lift economic growth and force markets to raise their long-term expectations for Federal Reserve rates, pushing long-term yields higher. The 30-year yield has already climbed above 5.61%, its highest since 2002.

TREE NEWS update: The US Department of Energy announced a release of the Strategic Petroleum Reserve (SPR). No volume, timeline or delivery mechanism was disclosed in the announcement. The release is a drawdown from the nation’s emergency crude stockpile.

TREE NEWS update: JPMorgan plans to deploy $1 billion into US manufacturing in Michigan over the next decade. The investment targets the state’s manufacturing sector, with the bank committing the capital over a ten-year period. No further terms or specific projects were disclosed.

TREE NEWS update: EU Energy Commissioner Dan Jorgensen said there is no imminent risk to energy supply, in a statement carried on the commissioner’s assessment of the bloc’s energy position. No further details or figures were provided. The remark addresses the question of near-term supply security for the European Union.

TREE NEWS update: Bank of England Monetary Policy Committee member Taylor said monetary policy should not respond mechanically. The remarks, attributed to an MPC member, address how the central bank should approach policy decisions. No further details or figures were provided.

TREE NEWS update: Bank of England Monetary Policy Committee member Taylor said the likelihood of further interest rate increases is not strong. The remark signals a cautious stance on additional tightening by the UK central bank.

TREE NEWS update: The US Treasury auctioned six-week bills at a high yield of 3.970%, with a bid-to-cover ratio of 2.82. The auction drew demand more than 2.8 times the amount offered. The results reflect investor appetite for short-dated government paper.

TREE NEWS update: Russia struck a dry cargo vessel in Black Sea waters, Interfax reported. No further details on the ship’s flag, cargo, crew or the extent of damage were immediately provided. The reported strike marks another incident involving commercial shipping in the Black Sea.

TREE NEWS reports: Germany’s DAX 30 index provisionally closed up 0.12% at 25,405.74. France’s index provisionally fell 0.41%, while Italy’s index gained 0.08% and its bank index slipped 0.19%. The UK index provisionally closed down 0.38%.

TREE NEWS reports: Europe’s STOXX 600 index closed provisionally down 0.02% at 638.57 points. The euro-zone STOXX 50 index finished up 0.44% at 6,328.77, while the FTSE Eurofirst 300 gained 0.03% to 2,551.31.

TREE NEWS reports: The Nasdaq 100 reversed into negative territory. The index had been trading higher before the turn, with no specific catalyst cited for the move. No further figures were immediately available.

TREE NEWS reports: ICE December cotton futures fell as much as 4% intraday, breaking below 80 cents per pound to hit their lowest intraday level since July 30. The contract’s slide marks a sharp single-session reversal for the fiber benchmark.

TREE NEWS reports: Barrick Mining expects its Nevada gold operations to produce more than 3 million ounces annually after 2030. The company gave the projection for the US state’s mines, pointing to output above the 3-million-ounce threshold in the post-2030 period.

TREE NEWS update: Russian presidential aide Yuri Ushakov said preparations have not yet begun for a possible meeting between Vladimir Putin and Donald Trump on the sidelines of the November APEC summit. Ushakov, who handles the Kremlin’s foreign policy brief, gave no timeline for when planning might start. He did not confirm whether the two leaders would meet at the event.

TREE NEWS update: China’s Commerce Ministry said the EU tool some member states are pushing to create, modeled on the US Section 301, is a protectionist and unilateral measure that would backfire and destabilize China-EU trade and global supply chains. Beijing said the two sides are continuing talks under their trade and investment consultation mechanism, and warned it will respond firmly if the EU imposes discriminatory restrictions on Chinese firms or products.

TREE NEWS update: A spokesperson for the UK Prime Minister said the government does not rule out the possibility of rejoining the European Union. The statement marks a shift in tone on the UK’s post-Brexit relationship with the bloc, though no formal policy change or timeline was announced. The comment was made to reporters and reported on Wednesday.