Flash News

TREE NEWS reports: Brent crude for November delivery rose 1.9% to $106.25 a barrel in early Asian trading, while WTI November futures gained 1.2% to $93.49 a barrel. The move marks a higher open for international oil prices in the Asian session, with both benchmarks advancing.

TREE NEWS reports: Morgan Stanley has revised its forecast for Bank of England interest rates, now expecting two 25-basis-point hikes — one in November and another in February. The investment bank had previously projected no rate increases for the foreseeable future.

TREE NEWS reports: Several Chinese public fund managers, including China Universal, CCB Principal, Fullgoal and HSBC Jintrust, have held autumn investment strategy meetings, saying A-share earnings growth is likely to keep shifting upward as traditional industries improve and the AI sector expands. Technology, healthcare, consumer and gold are seen as key Q4 allocation areas. The A-share market has been volatile and rangebound since the third quarter, with style rebalancing emerging.

TREE NEWS reports: Gold jewelry retail prices in China fell to about 1,290 yuan per gram in late September, down more than 100 yuan per gram from earlier highs, as international gold prices retreated. With the Mid-Autumn Festival and National Day holidays overlapping, major gold stores rolled out promotions, drawing consumers buying wedding and everyday gold products and marking the traditional peak retail season.

TREE NEWS update: China and the US reached an eight-point consensus on Sept 28, agreeing to build a “constructive strategic stability relationship based on respect, fairness and reciprocity.” The economic track includes a trade council mechanism and a reciprocal $30 billion tariff reduction. The two sides also agreed to open an AI dialogue and communication channel on AI incidents, and said Iran must honor its commitment not to develop nuclear weapons, with no country or body allowed to levy transit fees on international waterways.

TREE NEWS reports: Wind data shows 640 foreign institutions conducted 5,949 research visits to A-share listed companies year to date through September 27, with technology firms dominating the itinerary ahead of consumer and pharmaceutical names. The Shanghai Stock Exchange also organized a new round of onshore site visits for nearly 20 international asset managers from the UK, France and Singapore, aimed at drawing more medium- and long-term foreign capital into the market.

TREE NEWS reports: US stock futures moved lower, with S&P 500 futures down 0.3%. The modest decline in equity futures pointed to a softer open for Wall Street.

TREE NEWS reports: Property activity in Beijing, Shanghai, Guangzhou and Shenzhen picked up over the Mid-Autumn holiday, with site visits and transactions warming during the traditional peak ‘Golden September, Silver October’ season. Developers rolled out heavy promotions including fixed-price units, free property management fees and free parking spaces, and store visit bookings rose notably for the coming holiday period. Demand remained uneven, concentrated in scarce new projects, and a full market recovery still needs further verification.

TREE NEWS reports: Zhejiang Zheshang Jinhui Trust published its first environmental, social and governance (ESG) report, disclosing its ESG philosophy, actions and results. Six trust companies have now disclosed ESG reports for the first time this year, expanding ESG disclosure coverage across China’s trust industry.

TREE NEWS reports: China’s issuance of new special-purpose bonds has reached 76% of this year’s quota, with the third quarter drawing to a close, as ultra-long special treasury bonds also backed project construction. Funds tied to equipment renewal and the list of “Two Major” construction projects have been fully allocated, leaving room for issuance to accelerate later.

TREE NEWS update: Israeli Foreign Minister Gideon Sa’ar said on the 27th that Israel will no longer recognize the diplomatic status of Dutch representatives in Ramallah, with their diplomatic privileges and immunities set to expire in seven days. Israel said the move responds to a recently enacted Dutch import ban on products from illegal Israeli settlements in the West Bank and Golan Heights.

TREE NEWS reports: Japan’s central bank releases minutes of its July monetary policy meeting and August corporate services price index at 07:50 Beijing time, followed by China’s August industrial enterprise profits at 09:30. The State Council Information Office holds a 15:00 briefing on implementing the 15th Five-Year Plan and advancing high-quality development of central enterprises. ECB President Christine Lagarde delivers testimony, while BOE Deputy Governor Ramsden speaks at 18:00 and the Dallas Fed’s September business activity index is due at 22:30.

TREE NEWS reports: Average transaction prices for n-type polysilicon in China both rose above 400,000 yuan per tonne, about 100,000 yuan higher than late-July quotes, in the Silicon Industry Branch of the China Nonferrous Metals Industry Association’s first weekly price release in nearly two months. The association attributed the rebound to self-discipline initiatives and three new national energy-consumption efficiency standards, with expectations of supply contraction as the core driver. Downstream buying remains need-based, and experts say production cuts, deal continuity and end-demand recovery will set the price outlook.

TREE NEWS reports: The US dollar rose past 157.5 against the Japanese yen, trading at 157.503, up 0.1% from the previous session’s close. The move extends the greenback’s advance versus the yen.

TREE NEWS reports: Nearly 50 multi-asset fund-of-funds (FOF) products have launched in China since the start of the second half of this year, with top offerings raising more than 2 billion yuan in their initial rounds. Several more such products are set to debut in October, and new filings have clustered, as multi-asset allocation strategies regain appeal after being pressured during one-way market trends.

TREE NEWS update: Yemen’s Houthi movement said on 27th that Saudi Arabian warplanes carried out 26 airstrikes across five Yemeni provinces over the past 24 hours. Forces aligned with Yemen’s government said separately that they struck hundreds of Houthi military targets over the past three days.

TREE NEWS update: France’s far-right National Rally (RN) will form a caucus in the Senate for the first time, party president Jordan Bardella announced on social media on the evening of September 27 after half the chamber’s seats were up for re-election. The group will be formed jointly with the party’s political ally, the Union of the Republican Right. Results from constituencies were still being released.

TREE NEWS reports: Chinese brokerage strategy reports are broadly recommending investors hold A-share positions through the coming National Day holiday rather than moving to cash, arguing markets typically drift lower on thin volume before the break and see trading volume pick up as capital returns afterwards. Reviewing past years, a seasonal “National Day holiday effect” has seen pre-holiday positioning followed by post-holiday rebounds, making “holding stocks through the holiday” the majority institutional preference.

TREE NEWS update: US President Donald Trump declined to say whether the United States will strike Iran before the midterm elections, saying only that he does not want to discuss it. He added that the US will soon win the war and that oil prices will fall, and said Washington will defeat Iran in both military and economic warfare. Iranian inflation has reached 318% as of this morning.

TREE NEWS update: US President Donald Trump said he is seriously considering a diesel export ban, adding that such a move could slightly push up gasoline prices. He reiterated that he blames the diesel shortage on Ukrainian strikes on Russian refineries, and said he has spoken with Volodymyr Zelensky to ask him to show restraint regarding actions targeting Russian refineries.