TREE NEWS reports: The Federal Reserve Bank of Dallas reported its September business activity index at 9.8, above the expected 7.8 reading but down from 11.6 in the prior month. The gauge remains in positive territory, indicating continued expansion in Texas manufacturing and services activity, though at a slower pace than in August.
TREE NEWS update: The Chinese Navy’s 48th escort task group departed Yangon Port on the afternoon of the 28th, ending a five-day friendly visit to Myanmar. Myanmar military and government officials, officers and soldiers, staff of the Chinese Embassy in Myanmar, and representatives of Chinese-funded institutions and overseas Chinese saw the group off at the dock.
TREE NEWS update: Iran’s Supreme Leader Mojtaba Khamenei said on the 28th that the era his country’s enemies sought to restore — one marked by Western powers interfering in Iranian affairs — has ended for good, and that Iran is now independent and strong. The remarks were reported on the 28th.
TREE NEWS update: UK Prime Minister Burnham said Heathrow Airport is not solely a London issue, framing the hub as a matter of national concern. The statement places the airport’s expansion and operations within a broader UK-wide context rather than a purely regional one. No further details or policy commitments were disclosed.
TREE NEWS update: British police arrested five men on suspicion of explosives offences and evacuated residents near a US Air Force base in England on the 27th, local time. Police said on the 28th that the five are being questioned. The base was not named and no further details on the incident were released.
TREE NEWS update: UK Prime Minister Burnham said the details of social security funding will be released tomorrow. The announcement covers the funding arrangements for the social security programme, with the specifics to be made public the following day. No further figures or measures were disclosed.
TREE NEWS reports: Germany’s Federal Statistical Office said on the 28th that 27% of the country’s employed people have an immigrant background, with the share exceeding 50% in some sectors. The figures were released in the office’s latest data update.
TREE NEWS reports: The Nasdaq 100 fell as much as 1.1%, with Arm Holdings dropping 9.3% and Qualcomm 7.1% among index members. SanDisk lost 4.7%, while Intel, Western Digital, Lumentum and Marvell each fell at least 3.7%. The Philadelphia Semiconductor Index slid 2%. The S&P 500 was down 0.5%, the Dow 0.4% and the Nasdaq Composite 0.8%, with Nvidia up 2.5% and Nebius Group up 0.9%.
TREE NEWS update: European Central Bank President Christine Lagarde said most government fuel support measures are neither temporary nor targeted. The remark points to fiscal aid that risks becoming a lasting, broad-based subsidy rather than a short-term, focused cushion.
TREE NEWS update: Greenland Group opened its first batch of 15 OPC communities simultaneously across 14 key Chinese cities, including Shanghai, Beijing, Guangzhou, Ningbo, Nanchang, Hefei, Nanning, Nanjing, Wuhan, Changsha, Zhengzhou, Shenyang, Xi’an and Chengdu. The property developer said the communities mark a coordinated rollout in major urban markets.
TREE NEWS update: UK Prime Minister Burnham said the plan for the next decade will require major change, adding that national security must come first. The remarks were made in an interview with LBC radio. No further details were provided.
TREE NEWS reports: The Secured Overnight Financing Rate (SOFR) printed at 3.90% on Sept. 25, up from 3.88% the prior day. The effective federal funds rate held at 3.88% on the same trading day, unchanged from the previous session.
TREE NEWS update: Russian President Vladimir Putin signed an order on September 28 extending Dmitry Dmitriev’s term as CEO of the Russian Direct Investment Fund by five years, effective January 27, 2027. The decree keeps the RDIF chief executive in post through the next term.
TREE NEWS reports: JPMorgan’s trading desk raised its view on US equities from “tactical neutral” to “bullish” on Monday, ahead of Friday’s US employment report. The team, led by US market intelligence head Andrew Tyler, cited stronger-than-expected economic activity, a resilient consumer, solid corporate profit growth and bond yields that may be stabilizing. Tyler wrote in a client note that the market backdrop now looks more favorable as yields find a relatively stable level and oil may trade lower.
TREE NEWS reports: A vessel carrying US military personnel was attacked by an Iranian missile in the Strait of Hormuz on 14 July, injuring eight US Marines, US media reported on 27 July. The disclosure of the attack came roughly two weeks after the incident.
TREE NEWS update: Ecuador’s President Daniel Noboa signed an executive decree on September 28 appointing Bernardo Antonio Cordoves as the country’s new Minister of Economy and Production Development. He replaces outgoing minister Sariha Belen Moya. The decree was issued in Quito.
TREE NEWS reports: Qatar’s mediators are expected to hold separate talks in New York with Iranian Foreign Minister Abbas Araghchi and US representatives on September 28 or 29, officials familiar with the matter said. The meetings are expected to focus on the “7-day plan” Iran proposed during the United Nations General Assembly last week.
TREE NEWS update: The United States representative will not attend the meeting, ISNA reported. No reason was given for the absence and no further details were provided. It was not immediately clear which meeting was affected or whether a substitute delegate would take part.
TREE NEWS update: Iranian Foreign Minister Abbas Araghchi will meet mediators in New York on Monday, Iran’s IRNA news agency said. No further details on the participants or agenda were disclosed. The meeting comes amid ongoing regional diplomatic efforts.
TREE NEWS update: Russia plans to extend its ban on diesel exports into October. The reported extension would keep restrictions on Russian diesel shipments in place beyond the current ban period, a move affecting global distillate supply. No further details on the duration or scope of the extension were given.
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